Stock price when the opinion was issued
This just broke into new highs a couple of days ago, so technically it looks good. Seasonally, the sector does very well from May right through until the middle of September. This is the time of year when you want to be in this kind of stock. In the short term, there is the ASCO conference coming up June 2-June 6. This is when a lot of the biotech companies come out with their new products from research. The stock got hammered today, because Pres. Trump called in all the big biotech CEOs, but it turned out they hadn’t talked about pricing at all. So, the weakness today is a buying opportunity.
(A Top Pick April 12/16. Down 4.72%.) When the technicals come together, that is when you do a trade. In this particular case the technicals did not come into this particular investment, so it would have been better to hold off until the sector started to outperform the market.