The REAL reason Why Sunesis Pharmaceuticals, Inc. ($SNSS) Is Moving (NO AI)!
So last week on Thursday, June 6, 2019. I was doing my due diligence on the next swing trade I will be conducting, and that’s when I came across $SNSS. I finished last week strong with 15% profit on the $ATNM spike, and if you paid attention to my June Watch List $SRRA spiked 40%.
- Sunesis Pharmaceuticals, Inc. ($SNNS) is coming off a major sell-off from Earnings and will be providing an update between June 13-16, 2019 at the European Hematology Associate 2019 (EHA 2019).
This company has history of run-ups leading up to events, and based off the past, Press Releases come out shortly after earnings.
On June 4th I made the following Chart (1D 30M):
$SNSS did just that, it filled the gap & some… for a very discounted price for the catalyst this upcoming week.
The chart is to give you a realistic look on WHY $SNSS is picking up volume, this is the 5 Day 30 Minute chart (above).
$SNSS 180D 4H:
History of 40%+ runs leading up to catalyst events, and if you look closer at the chart. Not only is the stock UNDERVALUED, but it’s in great position to draw investors this upcoming week.
FACT SHEET ON $SNSS:
- 49.97% Held by Institutions.
- BUY: TipRanks - Analyst Price Target (PT) $1.50 (Low) with $3.75 being Average.
- Zack’s Rank: BUY
- Sunesis Pharmaceuticals (NASDAQ:SNSS): Q1 GAAP EPS of -$0.10 beats by $0.05.
- Cash and cash equivalents of $24.8M
- SNSS Pipeline:
Straight from SEC Form 10-K:
Vecabrutinib is a selective, reversible, non-covalent BTK inhibitor. BTK mediates signaling through the B-cell receptor, and is critical for adhesion, migration, proliferation, and survival of normal and malignant B-lineage lymphoid cells...“
To read more click on the 10-K, linked above or here.
Always do your own due diligence, for transparency I hold 2,000 shares of $SNSS, looking for exit @ $1.00+ leading up to Friday, or pre-market news - As always, GOOD LUCK & DON’T GET GREEDY!
DISCLAIMER: Please note that I do not ask for any information. I always encourage people to trade ONLY what you understand and never based on anyone's opinion.