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No. of Recommendations: 1
My daily chart look:

http://schrts.co/TquaxXfq

A few observations:

10.26% of float shares are short. Short ratio (how many days to cover all shorts) is 10.70 days.

$8.00 cash per share

Actual profits with a 9.34 PE

Monday's pop:

https://www.thestreet.com/investing/stocks/nektar-therapeuti...

The Chicago-based company said that its two candidates, bempegaldesleukin and nivolumab, were showing positive signs in testing.

The Stage IV melanoma patients enrolled in the ongoing PIVOT-02 study continue to experience both deepening and durability of response over time," said Jonathan Zalevsky, chief scientific officer at Nektar Therapeutics. "This translated into a 34% rate of complete response at a 12-month follow-up for the 38 efficacy-evaluable patients in this cohort. Further, 42% of patients achieved a 100% reduction in target lesions. Finally, corresponding lymphocyte data highlight the benefit of replenishing and stimulating T cells continuously over the course of treatment with an I-O doublet regimen."

Nektar said it is currently recruiting patients for a Phase 3 trial evaluating its treatment candidates in a combination with each other.


Again, IF I enter this tomorrow, I will be out by next Thursday, 13 Jun 19. I am looking to see if the $32 area bases/holds support before entering.

One negative: dark cloud covering candlestick today.

Positive: 20 MA threatens a bullish crossover the 50 MA and might take place tomorrow. Hit and run trade set up.
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