BioNTech (BNTX)

May 3, 2022Trade Ideas

Keep an eye on BioNTech (BNTX).

Not only is the stock pushing higher on news of a $1.5 billion stock buyback program, and fears of a potential spike in coronavirus cases.

In fact, as we note here:

Former White House Coronavirus Response Task Force coordinator, Dr. Deborah Birx said the U.S. should prepare for a summer surge of the virus. “It’s now predictable that the South will see surges in the summer and Northern states will see surges in the winter — especially around the holidays,” she added, as quoted by CNN.

In addition, the US FDA just announced a tentative advisory committee meeting to discuss updates to the Moderna (MRNA) and Pfizer (PFE) BioNTech (BNTX) EUAs for vaccines for younger populations, as noted by TheFly.com.

Better, the BNTX stock appears to have caught triple bottom support around $146 a share. It’s also oversold on RSI, MACD, and Williams’ %R at the moment.


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