Is AZN dead-money?Collected notes from FinTwit:
AstraZeneca PLC has built a formidable supply chain behind its bid to join the front-runners racing to deliver a Covid-19 shot. The British drugmaker has assembled a network of manufacturing and distribution partners spanning the globe, the WSJ’s Joseph Walker and Jenny Strasburg write, while striking deals with governments that have sought to lock in vaccine supplies. The efforts reflect the broader actions pharmaceutical companies, logistics operators and transport carriers have been undertaking to ensure vaccines are delivered to as many people as possible. AstraZeneca is in an unusual position because it has the least vaccine experience among major suppliers but has promised the world more than three billion doses. The company plans to roll out hundreds of millions of doses in the first quarter and ramp up production afterward, pending regulators’ approval. That positions AstraZeneca as the likely dominant supplier to the developing world and poor, hard-to-reach populations. On the positive side, the AZN vaccine can be stored at normal refrigerator temperatures and is less expensive than those developed by Pfizer and Moderna.
Meanwhile, the company continues to benefit from its deep pipeline of oncology and cardiovascular products.
AZNL trade ideas
$AZN posted its earnings with a slight bullish outlook projected$AZN posted its earnings with the PEAD projecting a slight bullish outlook for the stock after a negative over reaction following the earnings release with PEAD placing the stock in Drift C.
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AstraZeneca, too, aboard the choo choo train of drops.NASDAQ:AZNAgain a bearish pharma stock, and has been for a while like the rest. Seeing zigzags here again and seeing us descend lower to one or more Fibonacci projections I traced. Not financial advice, but I will leave with saying that any short is always riskier and I never trade against the trend. Good luck!
Astrazeneca Stock AnalysisAstrazeneca Stock Analysis
Prices moving inside a channel - trendless condition - Horizontal movement.
Based on Technical Analysis, the idea is to go long as the prices are close to the resistance level of 83 pound (bottom flat line of the channel) and they seem ready to jump up to 88.0 Pound.
AZN - AstraZenecaThere is an upward channel - Prices should go up based on both technical and Fundamental analysis
Fundamental News - Coronavirus: AstraZeneca to make 30m vaccine doses — if it works
uk.finance.yahoo.com
The only concern is that prices are moving up too fast and a pause to the market might be required.