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High Growth Biotech in Strong Trend Nears Breakout from Flag

by | Oct 2, 2024

Natera (NTRA) shares of the high growth biotech name are charging higher and nearing a breakout of the recent bull flag as the MACD sees a bull cross. NTRA continued to make higher lows and higher highs and can now target the fib extensions above here at 135 and 139. Dips into the rising 8-day MA near 127 are likely buys as the large buyer of 1400 November $110 ITM calls from 7/25 continues to hold in open interest after more than doubling now.

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