This post was just published on ZYX Buy Change Alert.
OraSure (OSUR) is developing a rapid in-home coronavirus test. Previously it received a $710,310 contract from the Biomedical Advanced Research and Development Authority which is part of the Department of Health and Human Services to develop a rapid in-home coronavirus test. This was a very small contract. However looking forward, if this test is quickly approved by the FDA, imagine the volume they could generate just from consumers buying it.
OraSure stock was purchased at an average price of $10.56. The first target zone was $13.73 to $16.14. Targets and stop zones are typically given in advance at the same time as the buy signal is given. Orasur is trading at $15.30 as of this writing. All subscribers should have taken partial profits.
The second target was $17.73 to $22. However the way this stock market is behaving, if there is good news from this company, OSUR stock can easily run over $30 in a short squeeze.
What To Do Now
Those in the stock may consider continuing to hold.
Those not in the stock and are super aggressive and understand the risk of buying now may consider buying a very small tranche such as 5 – 10% of full core position size in the zone of $14.44 to $15.36.
Based on the news a signal may be given to add more or take profits.
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