Today(02 Jun) Stock Pick From A.I. model - LAVA Therapeutics N.V. (LVTX)
Today (02 June 2023) the premarket futures is higher, as investors are positive after US default threat is ending with senate passed legislation to suspend the US debt ceiling and believe that a rate hike pause in June might be in the horizon.
Dow, S&P500, NASDAQ and Russell are all in the green.
I would expect market to open higher today.
Here is the today’s stock pick by A.I.
We have $LAVA Therapeutics N.V.(LVTX)$ as a lead candidate was selected for further development toward clinical studies by Janssen Biotech.
I would look at target Entry Price to be around $2.25-$2.45, if it goes below $2.25 I will check Bear strength , if go above $2.70 and maintain, LVTX could be headed above $3.50.
LAVA Therapeutics N.V. (LVTX) Technical Analysis
From the Technical Analysis - Moving Averages, I would trade in LVTX for short term as LAVA Therapeutics’s (LVTX) 10-Day exponential moving average is 1.84, while LAVA Therapeutics’s (LVTX) share price is $1.9, making it a Buy.
LAVA Therapeutics’s (LVTX) 100-Day exponential moving average is 2.26, while LAVA Therapeutics’s (LVTX) share price is $1.9, making it a Sell.
LAVA Therapeutics’s (LVTX) stock price is $1.9 and LAVA Therapeutics’s (LVTX) 50-day simple moving average is 1.67, creating a Buy signal.
LAVA Therapeutics’s (LVTX) stock price is $1.9 and LAVA Therapeutics’s (LVTX) 100-day simple moving average is 2.31, creating a Sell signal.
LAVA Therapeutics’s (LVTX) stock price is $1.9 and LAVA Therapeutics’s (LVTX) 200-day simple moving average is 3.13, creating a Sell signal.
Summary
Do take cautious in trading stocks that has risen on news, this might be a short term surge.
I will monitor closely how it will be trading 1-2 hours in premarket before actual trading starts at 9.30am(EST).
Appreciate if you could share your thoughts in the comment section how would you be trading today?
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Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.
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Think all the indices are a bit overbought we should be cautious now.
Market on schedule to hit 52 week high today ! With the market creating more millionaires than ever before the economy will boom with all the additional money investors have to spend !
maybe since it closed the gap at $1.90, maybe will move up now at a more reasonable level. The president of company supposed to speak at Jefferies event tomorrow late morning. Hopefully something will be said that will draw additional interest to the stock.
Too many jumped into it only because it was going up. the greater fool theory. Not that its not going up, that theory is done, and no one who bought it has a reason to hold it now. Now you are hoping it will go up, and wishing you hadn't bot it. It's done and headed below $2.50
With $5/share cash on hand, low burn rate and material progress on both major pharma hookups should expect analyst upgrades in coming days/weeks.
25 million volume and still going..... will see $4.3+ today
Debt ceiling crisis may behind us. Be careful
Looks like newest PR might give this a decent boost.
missed the rally but back to even