1st Trend line - ALRNThis is my first take on drawing a trend line for ALRN. Please provide comment and feedback. Thank you.
ALRN trade ideas
ALRN Possible Bullish Breakout ALRN is Hot right now and posted big gains in After Hours Friday, we should see continued momentum and further upside
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?
ALRN long swingThe price tested the trendline and the 50 day ma to close above the .23 fibonacci level and right on the 20 day EMA. Resistance at 1.38, first target of 1.48 second at 1.68
$ALRN Upside continuation targets Multiple upgrades post earnings
JonesTrading analyst Soumit Roy reiterated a Buy rating on Aileron Therapeutics (ALRN) today and set a price target of $5.00. The company’s shares closed last Tuesday at $0.66.
According to TipRanks.com, Roy is a 5-star analyst with an average return of 12.4% and a 49.6% success rate. Roy covers the Healthcare sector, focusing on stocks such as Deciphera Pharmaceuticals, Adaptimmune Therapeutics, and Monopar Therapeutics Inc.
Currently, the analyst consensus on Aileron Therapeutics is a Strong Buy with an average price target of $4.33, implying a 633.9% upside from current levels. In a report released yesterday, H.C. Wainwright also reiterated a Buy rating on the stock with a $3.00 price target.
Recent upgrade source smateranalyst
Company profile
Aileron Therapeutics, Inc. is a clinical stage biopharmaceutical company, which engages in the development and commercialization of novel class of therapeutics for the treatment of cancer and other diseases. It focuses on its lead products candidate, ALRN-6924 which is a cell-permeating peptide that disrupts the interaction of p53 suppressors MDM2 and MDMX with tumor suppressor p53 to reactivate tumor suppression in non-mutant, or wild-type, p53 cancers. The company was founded by Gregory L. Verdine, Rosana Kapeller, Huw M. Nash, Joseph A. Yanchik III, and Loren David Walensky in June 2005 and is headquartered in Cambridge, MA.
Recent insider buying Recent & repeated insider buying. Company expanding cancer trial with $PFE palbociclib & will report full dataset in Q2 2020. Trading below cash.
$ALRN Looking for a 1-2 dollar move.On a Beginning start of a TOP pattern this could be a dollar move and make a quick 50$+ depending on trade size of course.
TOP patterns are vary reliable but we are looking at the past and the Volume and float also. its looking good. lets see how this runs make sure
you add a stop lose to your charts always cover your trades. safety first!
