|Day Low/High||135.72 / 176.50|
|52 Wk Low/High||32.36 / 107.49|
It is important for the bulls that the indices close near the highs of the day.
The Duchenne Muscular Dystrophy specialist announces early results that show a gene-based treatment for the debilitating disease may be just two years away.
Until that action dies it is difficult to be too bearish.
This underperformance is being caused by pockets of weakness in bigger-cap names.
--The program helps clinicians identify patients who may be eligible for Sarepta's clinical trials--
Finding good setups in individual stocks is still challenging as there simply isn't a lot of strong momentum.
Rotational action is the main theme Wednesday and good opportunities are out there.
Whether this market continues to bounce is going to depend a great degree on the FAANG names.
The biopharmaceutical company, which won controversial FDA approval for a Duchenne Muscular Dystrophy drug, now confronts patient groups asking HHS to take its patents and drop the price of that drug.
-- The Company will award 10 academic scholarships to individuals diagnosed with Duchenne muscular dystrophy --
With few catalysts for the markets, Tuesday's special election for a Pennsylvania congressional seat could set the tone this week.
I'll be watching for entry points to develop this afternoon.
The best way to deal with the struggling market is selective stock picking and good defense.
The market's reaction to James Bullard's comments this morning is following an all-too-common pattern.
It is important to note that watching for a reversal is much different than being short.
If we have a little consolidating action here the buyers will start pushing again.
Solid Bioscience planned its IPO for months, but waited until the day before its market debut on Friday, Jan. 26, to tell investors about an FDA hold on its key drug candidate.
What drives the trading action are structural issues, not macroeconomic news events or political drama.
Duchenne Organizations Led by Parent Project Muscular Dystrophy Help Fund Next Step in Cutting-Edge Treatment
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