NBIX question

Martin Somarriba
Feb 26, 2024 11:17 AM 0 Answers
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Am I seeing a pennant developing in the NBIX daily chart? If so, what would you say is the potential breakout?



NBIX is one of the rare biotech stocks with outstanding fundamentals. The stock sold off recently following its earnings report. It has pulled back to its 50sma. That pennant you mention is a three weeks tight area, and I like the stock above the high of last week which is $134.65.

This company is presenting at three upcoming conferences, and they are as follows:

TD Cowen 44(th) Annual Healthcare Conference on March 5 in Boston

Leerink Partners Global Biopharma Conference on March 12 in Miami

Barclays 26(th) Annual Global Healthcare Conference on March 13 in Miami

Good Luck!



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