CRBU Caribou Biosciences Options Ahead of EarningsAnalyzing the options chain and the chart patterns of CRBU Caribou Biosciences prior to the earnings report this week,
I would consider purchasing the 5usd strike price in the money Calls with
an expiration date of 2023-9-15,
for a premium of approximately $0.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
CRBU
CRBU | InformativeNASDAQ:CRBU
If the price of CRBU breaks above the bullish line of $7.49, it may indicate a bullish signal, suggesting potential upward price movement. In this scenario, the target price could be set at $8.65.
Conversely, if the price of CRBU breaks below the bearish line of $6.86, it may suggest a bearish signal, implying potential downward price movement. In this case, the target price could be set at $5.95.
CRBU looking like a good tradeWe have bottomed out here potentially and appear to be under accumulation on the higher time frames. The Bollinger Bands are compressing quite nicely and we could have a nice little squeeze up to the the 200 ma or higher in my opinion. Not financial advice, DYOR.
“Caribou is a leader in the CRISPR field, successfully leveraging its proprietary genome-editing technology to develop allogeneic cell therapies that are potentially transformative for patients.”