Mirum Pharmaceuticals (MIRM) AnalysisAdvancements in Rare Disease Therapies:
Mirum Pharmaceuticals NASDAQ:MIRM is advancing in the biopharma sector with a focus on therapies for rare diseases. Recently, Mirum submitted a New Drug Application (NDA) for chenodiol tablets to treat cerebrotendinous xanthomatosis (CTX), following positive phase 3 RESTORE trial results. FDA approval could be a breakthrough for early diagnosis and treatment of this rare disease.
Positive Market Response:
CEO Chris Peetz highlighted the potential impact of chenodiol in alleviating CTX symptoms. Wall Street has responded positively, with Citi raising their price target for Mirum to $64 from $38 and maintaining a Buy rating, reflecting confidence in Mirum's pipeline and recent updates on volixibat and FDA-approved Livmarli.
Investment Outlook:
Bullish Outlook: We are bullish on MIRM above the $29.00-$30.00 range.
Upside Potential: With an upside target set at $48.00-$49.00, investors should consider Mirum's promising pipeline and recent regulatory advancements as key drivers for potential stock appreciation.
📊💊 Monitor Mirum Pharmaceuticals for promising investment opportunities! #MIRM #BiopharmaGrowth 📈🔍
MIRM
$MIRM empire strikes back*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
If you take the chance to review our previous works, you may have noticed a simple trend...we are getting to the money every time! However despite our many triumphs there are plays that we prefer not to discuss amongst ourselves. From that tiny list $MIRM is definitely at the top. In the past my team doubled down on a position but we were wiped out after our stop-loss took us out of the trade.
My team entered $MIRM on 10/29/21 at $15.70 per share. Our first take profit is at $26.
Earnings are expected to be released on 11/3/21
Ego is a bitch. Lets get it.
OUR ENTRY: $15.70
FIRST TAKE PROFIT: $26
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$MIRM doubling down*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team entered $MIRM on 5/28/21 at $16.30 per share.
Today we're taking the dip opportunity and doubling down at $15.60 per share.
FIRST ENTRY: $16.30
2ND ENTRY: $15.60
TAKE PROFIT 1: $20
TAKE PROFIT 2: $30
STOP LOSS: $14.90
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Mirum Insane Catalyst Play*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Mirum Pharmaceuticals:
My team has been reviewing Mirum Pharmaceuticals for close to two months, and despite its poor performance in the past month it remains one of top picks for the month of June.
Mirm is to present data for their assets which target rare liver diseases on June 3rd 2021. Its recent price rejection at $15.85 increases our confidence in this play. There have been jumps from this zone up to $20-26, so we expect a similar pattern to repeat. Next week's data results simply have to be adequate enough to regain investor attention. My team is especially confident in the risk-to-reward ratio of this trade.
We entered today @$16.30. Short term take profit @$20.00 Long Term take profit @$30.00
Stop Loss @$14.90
If you want to see more, please like and follow us @SimplyShowMeTheMoney