June 17, 2024
This big mover up over 130% in premarket ?

This big mover up over 130% in premarket ?

  

Here are our top investing ideas today – these setups look primed! And make sure to put Jeff William’s complimentary Market Navigator day on your calendar for tomorrow (scroll down for info).

ACON – Up over 130% in pre-market after commercial agreement with The London Clinic and London Spine Clinic

GOTU – Up over 20% after crushing earnings

LXRX – Up over 20% after FDA approval of INPEFA ((TM)) for treatment of heart failure

The markets are on FIRE? and everyone wants in on the SPY Trade of the Day in Market Navigator!

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ACON – Up over 130% in pre-market after commercial agreement with The London Clinic and London Spine Clinic

Aclarion (ACON) is a healthcare technology company that leverages Magnetic Resonance Spectroscopy (MRS) in the United States. The company develops post-processing software.

Today ACON announced that it had entered into a commercial agreement with the London Clinic and London Spine Clinic.

The London Clinic is the UK’s most renowned independent, private hospital, established in 1932. The London Spine Clinic is the first specialist spinal unit established in England in 1997.

This will be ACON’s first customer in London. This agreement legitimizes the company’s software even further and investors are excited at the possibility of new revenue streams in England and beyond.

The $1.23 level has acted as support in the pre-market and will be an important level to watch.

Above it, the first major target for bulls is the pre-market high at $1.42. Beyond that, potential targets are $1.50, $1.70, $2 and then $2.37.

Below $1.23, there is potential support at $1.10, $1, $0.82 and then a gap to fill at $0.59.

GOTU – Up over 20% after crushing earnings

Gaotu Techedu (GOTU) is a technology-driven education company, providing online K-12 after-school tutoring services in the People’s Republic of China.

GOTU reported Q1 adjusted EPADS of $0.07 vs $0.06 year-over-year with sales of $102.99 million beating the $41.41 million estimate. That’s around a 150% revenue estimate beat.

GOTU also guided Q2 revenue at $94.71-$97.63 million versus the consensus $40.85 million.

The earnings surprised analysts and the stock is trading up over 20% in the pre-market.

The $3 area is an important level to watch as selling from that level turned into buying, and it now becomes a potential support level.

Above it, the first major target for bulls is the pre market high of $3.14. Beyond that potential targets are $3.41, $4, $4.50 and $4.87.

Below $3, there is potential support at $2.85, $2.70, and a gap to fill at $2.49.

LXRX – Up over 20% after FDA approval of INPEFA ((TM)) for treatment of heart failure

Lexicon Pharmaceuticals (LXRX) focuses on the discovery, development and commercialization of pharmaceutical products.

The company announced that its drug INPEFA was granted broad label across the full range of left ventricular ejection fraction for patients with or without diabetes.

INEPFA is a once-daily oral tablet to reduce the risk of cardiovascular death, hospitalization for heart failure, and urgent heart failure.

INPEFA reduced the risk of total occurrence of cardiovascular death, hospitalization for heart failure and urgent heart failure visits by 33% compared to placebo in the SOLOIST-WHF study.

The $3.65-$3.70 area was resistance in the after-market and became an area of support in the pre-market.

Above it, targets to the upside are at $3.80 and then the pre-market high of $4.14. Beyond that, targets are $4.50, $4.70, $5, $5.20 and $6.

Below $3.65, there is potential support at $3.60, $3.40 and a gap to fill at $3.18.

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