HRTX - Biotech long play
Updated
Heron Therapeutics Inc is a commercial-stage biotechnology company. It is focused on improving the lives of patients by developing treatments that address some of the unmet patient needs. The company's product portfolio consists of APONVIE, SUSTOL, ZYNRELEF, and CINVANTI.
Investment Snapshot (As of May 31, 2024):
Shares in Circulation: 116.291M
Short Float: 26.03%
Recent Activity:
Blockbuy
Active Stake
Heron Therapeutics Submits ZYNRELEF® Supplement to FDA
Key Technical Levels:
Breakout Zone: $3.70 - $4.00.
Note: A slight pullback to the $3.50 area is possible before moving higher.
Resistance Points:
$4.00
$4.50
Surpassing these levels could signal a positive trend. Consider taking profits at these stages to realize gains.
Trading Strategy:
Take Profit (TP): Target $4.50 or even $5.50 to capitalize on the anticipated price gap closure.
Stop Loss (SL): Set at under $3.15 to mitigate potential losses.
Chart Analysis:
Please refer to the attached chart for detailed analysis of price trends and movements.
Trading Advisory:
Exercise caution and consider market conditions and your own risk tolerance when trading. It's advisable to conduct comprehensive research or consult with a financial advisor before engaging in trading activities.
Disclaimer: This content is for informational purposes only and should not be considered financial advice.
Investment Snapshot (As of May 31, 2024):
Shares in Circulation: 116.291M
Short Float: 26.03%
Recent Activity:
Blockbuy
Active Stake
Heron Therapeutics Submits ZYNRELEF® Supplement to FDA
Key Technical Levels:
Breakout Zone: $3.70 - $4.00.
Note: A slight pullback to the $3.50 area is possible before moving higher.
Resistance Points:
$4.00
$4.50
Surpassing these levels could signal a positive trend. Consider taking profits at these stages to realize gains.
Trading Strategy:
Take Profit (TP): Target $4.50 or even $5.50 to capitalize on the anticipated price gap closure.
Stop Loss (SL): Set at under $3.15 to mitigate potential losses.
Chart Analysis:
Please refer to the attached chart for detailed analysis of price trends and movements.
Trading Advisory:
Exercise caution and consider market conditions and your own risk tolerance when trading. It's advisable to conduct comprehensive research or consult with a financial advisor before engaging in trading activities.
Disclaimer: This content is for informational purposes only and should not be considered financial advice.
Trade closed: stop reached
Note
Friday June 28, 202404:19:32PM
HRTX
Block Trade: HRTX 795,477 @ $3.50 at the ask
Signals
04:09:39PM
HRTX
Block Trade: HRTX 874,033 @ $3.50
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