Nektar is on Fire!
This one deserves a double recap as she is up +125% since alert on 19 Jun 2017 to her high that she traded at today. Since the 01 Nov Recap "Nektar is Good Medicine" the stock is up +77%, that is nearly 80% in only nine business days!!!
Wow and that was free advice, no special subscription needed.
Why is Nektar in such a rally? Here is the bottom line:
1) They had better earnings than estimated by analyst, see Why Nektar Therapeutics' Shares Are Soaring 13% Higher
I'm sorry...they blew earnings expectations out of the water, forgive me for being modest.
2) Nektar has a drug that did well in 1/2 phase of FDA trials, see This Biotech Just Neared A 17-Year High On Strong Cancer Regimen
Now you may be asking yourself, is this company still a buy for Emerald Chase? No. She is way too overbought and we would like to see a pullback. However when pharma and biotech report good results in trials, sometimes there is no such thing as overbought and investors disregard chasing a rally and keep buying. In my personal opinion it is too early in the trial and a pullback to somewhere in the region of $33 go $24.90 would be ideal.
I am an Emerald Chaser and I want to see you win.
