INO trade ideas
3.5.16 INO: Have we found a bottom?Upcoming earnings report, not expecting a great report.
Could it be the catalyst to reverse this downtrend?
MACD is looking good, and just witnessed first close above 200-day MA in months. Must hold.
Afraid we may see another dip below $7, unless those $7 calls set at 7 kick in.
YES - There is still time catch the Mosta-move coming to Inovio As an update to my last chart on Inovio, (Which failed to reach the price targets within he time-frame suggested), I still am witness to extremely Bullish signals. Patience is certainly a key when investing in micro-cap bio-tech stocks.
Inovio maintains a robust pipeline, recently initiated a phase 1 DNA immunotherapy trial for breast, lung and pancreatic cancers, is actively seeking partnership(s) for their ongoing trials and will be presenting detailed analysis of their recently completed phase 2 cervical dysplasia trial in the near future.
My current chart (I believe) shows that "the market" has gained much interest and is awaiting the many possible catalysts that will develop over the next several months.
6 month price target - $12.40 -- 12 month price target $21.00