January 31, 2018 7:39am
Sector intelligence and perspective
A rebound after a short interest release date …
Where momentum and volume moved in tandem
Followed by volatility (VIX) rising to its highest level in more than 5 months
Out and about: Casting a sector “pall” as Bellicum Pharmaceuticals (BLCM) takes a big hit on news of having received an FDA notice that U.S. studies of BPX-501 have been placed on a clinical hold. Gene therapy companies were oversold; however, I see “some” rebound!
When you get a sector that's facing more than its share of challenges; sentiment gets drained exposing the risk of development platforms, fundamentals and expectation as well as share pricing.
Pre-open indications: 4 SELLs and 1 BUY
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