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VRNA

Verona Pharmaceuticals (VRNA) Analysis Company Overview: Verona Pharmaceuticals specializes in treatments for respiratory diseases. The company recently received FDA approval for its inhaled non-steroidal COPD treatment, Ohtuvayre. Chronic Obstructive Pulmonary Disease (COPD) affects approximately 16 million Americans and is a leading cause of death. Key Highlights: FDA Approval: Ohtuvayre has demonstrated strong efficacy and safety in late-stage trials. Market Potential: Analyst estimates suggest peak sales could reach $3.6 billion. Launch Strategy: Verona plans to deploy around 100 sales reps targeting 15,000 physicians for the treatment's rollout. Investment Outlook: Bullish Outlook: We are bullish on NASDAQ:VRNA above the $18.00-$19.00 range. Upside Potential: With an upside target set at $29.00-$30.00, Verona Pharmaceuticals is poised for significant growth driven by Ohtuvayre's market potential and the large COPD patient population. 📈🌬️ Consider Verona Pharmaceuticals for investment opportunities in the respiratory treatment space! #VRNA #COPD 💊🚀
NASDAQ:VRNALong
by Richtv_official
VRNA Three Falling Peaks (bearish)I found this pattern at tickeron website with the following data: STATUS = Confirmed CURRENT CONFIDENCE = 84% TARGET (EXIT) PRICE = 3.84 USD BREAKOUT (ENTRY) PRICE = 6.60 USD DISTANCE TO TARGET PRICE = 39.95% EMERGED ON = Aug 19, 12:00 PM (EDT) CONFIRMED ON = Sep 03, 01:03 PM (EDT) WITH CONFIDENCE LEVEL = 98% The Three Falling Peaks pattern forms when three minor Highs (1, 3, 5) arrange along a downward­-sloping trend line. This pattern often emerges at the end of a rising trend, when a security slowly rolls over. It potentially indicates sellers moving ­in to replace buyers, which pushes the price lower. Trade idea If the price breaks out from the bottom pattern boundary, day traders and swing traders should trade with the DOWN trend. Consider selling the security short or buying a put option at the downward breakout price level. To identify an exit, compute the target price by subtracting the pattern’s height (maximum price minus minimum price within the pattern) from the breakout level ­ the lowest low. When trading, wait for the confirmation move, which is when the price moves below the breakout level. To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to buy back a short position or sell a put option at or above the breakout price.
NASDAQ:VRNAShort
by AlTorress
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