This week could likely be the best week for Biotech of the year. Three conferences take place this week with ASCO (American Society of Clinical Oncologists, May 29th-31st) / ISCT (International Society of Cell and Gene Therapy, May 28th-29th) / ASCP (American Society for Clinical Pathology, May29th-30th). ASCO in itself is probably the biggest and most anticipated Biotech conference of the year and many many companies will be making a presentations here. Generally speaking this would mark the end of Biotech season, but due to COVID-19 I believe we can expect Biotech to run big for the remainder of the year.
$MARK - This is a recent runner off their IR scanners and rumors of them working with big companies. It is up on a FGD closing strong off a tweet from the CEO on Friday. There are a good amount of Bullish Call Sweeps on this stock right now. They have a conference call and Earnings on the 28th. This is a previous supernova and am looking for it to go into the 3's. Previously went from the 3s to 15s a few years ago.
$VUZI - Running on news of new tech, will continue to watch
$BIOC - Running on anticipation on the ASCO conference for biotechs. Can expect this to continue running into Friday.
$XSPA - Contract winner as they are transitioning into COVID testing centers in airports.
$TTOO - running after they announced that they will start shipping 1million COVID test/month.
$HTBX - another ASCO play will be looking for a run-up into Friday.
$VFF - Weed play running as they announce an opening of a new growhouse for commercial use. They are also wanting to start shipping weed vape products by the end of the summer. Weed plays also have been running as THC has been rumored to block COVID.
These are my main watches for tomorrow, and I have a few others I am just keeping an eye on.
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Posted May 26, 20 12:35 AMbyDeCosmic
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