AZN Should rally today after a number of EUR states are now U-Turning faster than someone using a GPS that has wrongly instructed them. We have FOMC later but I doubt that will affect this stock.
If the FDA approves the Astra Zenica vaccine this should also help but this is unlikely till the spring.
When I first said we should enter I got in at $48.25 with a target of $58.13. Which will be a nice short term return. I might add to this trade at $52.50 if it breaks above. When I achieve the target I may pull the trades depending on the market at the time.
I’m always interested in buying stock/crypto and other things where the company has a short term problem that has plummeted their stock to buy. This was a case in point, at the bottom of a bearish trend it had scope to go up to the top of it and the potential of a break out on the U-Turn.
There is still more scope for buys here. But I’m happy with my investment in the scope of my portfolio plan of having a lot of trades in different stocks/crypto.
Pre-market price looks at about $50.13 up around 0.16% on market close.
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