A Penny Stock for your watchlist.
Are you looking for penny stocks with great potential?
It is no surprise that stocks in the vaccine hunt for Covid-19 are in most traders' watchlist. It has been a constant that anytime one of these companies puts out good PR about their vaccine candidates, the stock's price moves significantly. Even though many companies are racing to produce a safe vaccine, few have reported minimal to no significant side effects.
Have any vaccine stocks reported minimal side effects?
Enlivex Therapeutics Ltd. NASDAQ: ENLV, a clinical-stage immunotherapy company, reported positive top-line results of an investigator-initiated clinical trial of AllocetraTM in COVID-19 patients in severe/critical condition on October 1, 2020. Due to the news, the price soared more than 150% to a premarket high of $14.99. During regular trading hours, it reached a high of $11.85 closed at $8.79. It was a significant drop, but it is not out of the ordinary for the price to whipsaw after making a move like that.
What is ENLV's current market price?
On Friday, October 2, 2020, ENLV opened at $8.74 with a low at $8.43 and a high at $10.80. It closed the day at $10.35. Below is a daily chart of the price action.
Why should I trade ENLV?
Keep in mind that Pennystocksclub13 does not guarantee success and that all the information in this article and website is for entertainment and educational purposes only. Trading in the market is risky, and you should never invest based on others' opinions. Any trade is at your own risk!
What is a fair trade suggestion for ENLV?
Before I answer the question, we need to understand that the market is everchanging, and the opportunities that we see today may be gone tomorrow morning. I suggest that a reasonable entry price for ENLV is at the $10.50 level with a starting position (25% of full entry). If it breaks above the $11.50 level, adding to the position is suggested in anticipation of a break above the $12 level. Profit-taking is suggested anywhere over the $13 level since the stock seems to have room to the $15 level.
How do I protect my account if the trade fails?
It is important to note that you should have an exit plan to protect your account against significant losses. At pennystocksclub13 it is recommended that traders risk a maximum of 5% per trade.
How do I know when to take profits?
It is a general recommendation for all members at pennystocksclub13 to take profits if the stock is up 5-10% or higher.
Disclaimer: Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk!