Maravai LifeSciences (MRVI) is long from $25.84. MRVI is trading at $42.25 as of this writing. This represents a gain of 63% in a short time.
MRVI reported earnings significantly better than the consensus.
We have previously written that the target zone was likely to be raised.
MRVI supplies a key component of the coronavirus vaccine produced by Pfizer (PFE) and BioNTech (BNTX). The vaccine should provide a sharp increase in revenue. The company also has a diversified product portfolio.
Zones
For those following the Good Way, the Buy Now rating is ‘NO.’
For those following the Best Way the buy zone is $33 to $38.57.
The stop zone is $24 to $26.43. The first target zone is $48 to $52. The second target zone is $73 to $78 if it catches the momo crowd’s attention. The maximum quantity is 30% of full core position size.
What To Do Now
Those in the stock and have taken partial profits may consider continuing to hold.
Those not in the stock may consider following the parameters above or wait for a new signal with a different buy zone.
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