ALRN Weekend Data CatalystALRN had some weekend news. Will be interesting to see if it can break above a near-two-year resistance level. I didn't show it all the way back to November of 2018 but if you take the chart out further, you can see this level holding as resistance.
"Saturday, the company announced new positive clinical data from its ongoing Phase 1b trial. The trial demonstrated clinical proof of concept that treatment with ALRN-6924 prior to second-line topotecan administration resulted in a protective effect against severe anemia, thrombocytopenia and neutropenia. This was in patients with p53-mutated small cell lung cancer. The results were featured in a late-breaking poster presentation entitled, 'Prevention of Chemotherapy-induced Myelosuppression in SCLC Patients Treated with Dual MDM2/MDMX Inhibitor ALRN-6924.'"
Original Quote Source: 5 Penny Stocks On Robinhood To Buy Under $2; Are They Too Risky?
Aftermarket
$ROST can gap up todayEarnings trading strategy signal.
The US off-price retail apparel and home fashion stores operator Ross Stores has been increasing sales (from $11.04 bln in 2015 to $14.98 in 2019) and EPS (earnings per share: from 2.24 to 4.3) for 4 years straight.
The last two of four published $ROST ratings from analyst companies were good, one was neutral.
So the price is more predetermined to rise than fall.
The Zacks Consensus Estimate for EPS is $1.26, (+5% year-over-year change), for revenue — $4.37 billion (+6.4% from the year-ago quarter) — finance.yahoo.com
Previous earnings report beats EPS and revenue estimates.
I suppose this earnings report will also be with such a pleasant surprise.
Also, confident EPS and sales growth are positive factors, which can cause today`s gap up.
So we hypothesize that $ROST is ready for the next gap up after publishing earnings report today after market close.
The last three days show the bearish market probably ends.
So we can long stocks before earnings again.
Due to strategy, the buy long can be from the price 10 minutes before market close.
It is too risky to buy now due to huge ATR.
target profit — +$5 per share;
stop-loss — -$5 per share.
Risk/reward is 1:1, but correct strategy implementation implies more than 60% of profit trades.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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NFLX BEATS ALL EST. AND EPS BY 150% WOW BUT DONT MOVE ! WHAT !!! Netflix Inc. (NFLX) revealed a profit for its fourth quarter that rose from last year.
The company's earnings totaled $0.59 billion, or $1.30 per share. This compares with $0.13 billion, or $0.30 per share, in last year's fourth quarter.
Analysts had expected the company to earn $0.53 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 30.5% to $5.47 billion from $4.19 billion last year.
-Earnings (Q4): $0.59 Bln. vs. $0.13 Bln. last year. -EPS (Q4): $1.30 vs. $0.30 last year. -Analysts Estimate: $0.53 -Revenue (Q4): $5.47 Bln vs. $4.19 Bln last year.
My views is the share will keep rising as the fears were clearly overblown from competitors. But somehow after-market do not t-react to the news yet
Lets see tomorrow to get a better feel from this excellent news !!! BRAVO NETFLIX