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Sage Therapeutics, Inc.
Long

$SAGE: strong base, upcoming catalysts

By IvanLabrie
SAGE is an interesting stock here, has pending catalysts for mid 2023, which fit the expectations from the Timemode technical pattern at hand here.

Consider the volatility of these biotech names when entering, stock could move huge after data comes out (up or down) but odds are good that it breaks to the upside given the technical pattern suggesting the smart money has been accumulating stock.

Upcoming catalysts:

  • SAGE-217 - (SHORELINE)
    Major Depressive Disorder (MDD)
    Phase 3 additional data due in mid-2023.
  • Zuranolone (SAGE-217)
    Major depressive disorder (MDD) and Postpartum Depression
    PDUFA priority review date of August 5, 2023.


Best of luck!

Cheers,

Ivan Labrie.
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