Moderna weekly uptrend opportunity based On 1.00 Lot Calculation:
- Moderna, Inc. a clinical stage biotechnology company, develops therapeutics and vaccines based on messenger RNA for the treatment of infectious diseases, immuno-oncology, rare diseases, and cardiovascular diseases.
- EVENT: (Earning report Thursday, February 25, before market); Moderna is expected to report a loss per share of $0.36, which is a smaller loss by 33% compared to the prior-year quarter. Revenue is estimated to be around $280 million, or more than 20 times higher than the prior-year quarter. The company’s earnings beat estimates in three of the last four quarters and missed the same once.
- Moderna said that following positive feedback from the U.S. Food and Drug Administration, it is pursuing a plan to increase the number of COVID-19 vaccine doses to up to 15 in each vial from the present 10 doses. The plan was disclosed as part of the biotechnology company’s written testimony ahead of a House hearing scheduled for Tuesday.
- Moderna announced that the European Commission purchased an additional 150 million doses of its COVID-19 vaccine, to be delivered in the third and fourth quarter of 2021. This brings Europe’s total order to 310 million doses of for delivery in 2021. Moderna is on track to make 600 million doses of its coronavirus vaccine this year, Moderna CEO Stephane Bancel said. The company is now adding staff with the hopes of reaching 1 billion doses this year and up to 1.2 billion doses in 2022. This is key because Covid-19 is here to stay, Bancel predicted. Moderna shares closed 8.8% lower at $159.37 on Monday.
Moderna, February 23, 2021
Current Price: 143
|
Moderna |
Weekly |
|
Trend direction |
|
|
184 |
|
|
172 |
|
|
158 |
|
|
129 |
|
|
116 |
|
|
103 |
Example of calculation base on weekly trend direction for 1.00 Lot*
|
Moderna |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
41,000 |
29,000 |
15,000 |
-14,000 |
-27,000 |
-40,000 |
|
Profit or loss in €** |
33,997 |
24,046 |
12,438 |
-11,609 |
-22,388 |
-33,167 |
|
Profit or loss in £** |
29,454 |
20,833 |
10,776 |
-10,057 |
-19,397 |
-28,736 |
|
Profit or loss in C$** |
52,029 |
36,801 |
19,035 |
-17,766 |
-34,263 |
-50,760 |
* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 14:30 am GMT 23/02/2021
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