Three Upcoming Biopharma Catalyst Trades to Consider
(firmenpresse) - LOS ANGELES, CA -- (Marketwire) -- 02/06/13 -- While trading catalyst driven small cap biotechs can be risky, if executed with discipline and closely monitored technical chart analysis, these types of trades can offer rewarding returns to investors.
Along with the rest of the market, a few of our recent catalyst trade picks have done very well.
We first about on January 15th of this year when the stock was trading in $2.80 range. The stock recently hit a high of $4.85 on .
Another recent successful pick is , which we as a catalyst trade pick list on January 3rd, when shares were trading the $2.10 level. Today the stock trades near $3.60.
Unfortunately, in the same article, we mentioned which was trading around $2.90 a share before reporting negative Phase III data. That caused the stock to sell off to the $2.50 mark. Catalyst trades offer significant returns as well as potentially punishing losses for mishandled trades. Investors must be nimble and diligent.
Today we focus on three small cap firms that may offer good upside potential as catalyst trades.
The company is currently conducting a Phase II trial of ICT-107, which is a study in patients with newly diagnosed glioblastoma.
ImmunoCellular anticipates reporting interim safety analysis data in the first quarter of 2013. Afterwards, the company expects the final safety and efficacy results late in the second half of 2013.
John. S. Yu, MD, ImmunoCellular's Interim Chief Executive Officer:
Dr. John Boockvar, director of the Brain Tumor Research Group, associate professor of neurological surgery at Weill Cornell Medical College and a neurosurgeon at NewYork-Presbyterian Hospital/Weill Cornell Medical Center remarked:
, the relative Strength Index (RSI) has turned bullish. The Moving Average Convergence/Divergence has also turned bullish. It appears that Immuno may be close to breaking out, and additional buy-side volume could take the stock to near the $2.65 level, perhaps even higher to the $2.80 range. In yesterday's trading session, the stock filled a gap around $2.40. With the company's near term catalyst approaching shortly, we see ImmunoCellular Therapeutics offering good upside potential.
Immune therapies could end up being the next standard for cancer treatments, so ImmunoCellular Therapeutics is one to keep a close eye on.
Everyone has been watching Sarepta very closely ever since the company promising data late last year for its drug Eteplirsen, which is in Phase II clinical stage for the treatment of Duchenne Muscular Dystrophy (DMD), which caused the stock to massively rally from around in one trading session!
The company is hoping to gain accelerated approval for the drug by the FDA this year. According to The Street's biotech reporter :
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We'd actually agree with Adam, and we believe an advisory panel might happen sooner than later for Eteplirsen.
The main thing we notice is the up-trending RSI and MACD, yet the stock seems relatively flat. This could signal another run for Sarepta, which, if true, could touch the $30 price range soon.
Possessing a treatment for DMD that ultimately proves to be successful might constitute a huge break-through medicine. we expect the stock price to continue to head up in anticipation of an advisory panel convening soon here.
Navidea expects an approval decision from the FDA in April of this year regarding its Phase III drug Lymphoseek in regards to marketing Lymphoseek for use in Intraoperative Lymphatic Mapping (ILM).
According to the company, Lymphoseek is: A radiopharmaceutical agent being developed for use in external lymph node imaging and intra-operative lymphatic mapping. Lymphoseek has been evaluated in well controlled Phase III clinical trials in patients with breast cancer and melanoma.
we see the RSI beginning to trend bullish again, along with a nice flag pennant pattern forming. More often times than not, this is healthy for a stock that just made a nice leg up into a new trading range. Notice the reluctance to sell after the leg up into the new trading range. We take this as a sign that the stock will continue to trend higher over the next few weeks. I think a short term move to at least $3.50 is on the horizon.
We believe Lymphoseek has a very good chance at gaining FDA approval. The greater question is just how valuable the asset is. The market might not be huge for the drug, but none the less, we do expect a nice upside trend to continue into April.
Disclosure: Author Scott Matusow is long IMUC.
The full version of this report, complete with technical analysis charts can be found here:
and interested in accessing BioMedReports' new complete database of clinical trials and upcoming FDA and world-wide regulatory decisions which can be used to make more profitable trades and see upcoming catalysts can go to:
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M. Davila
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Datum: 06.02.2013 - 12:53 Uhr
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