Bull or Bear Market… Doesn’t matter

Kyle Dennis’ new, 5 Min Strategy is poised to double Your Money Weekly!

Michael S. made 173% with Dollar Ace. So can you!


On the watch: Versartis Inc. (VSAR)

Kyle DennisKyle Dennis ·

On the watch: Versartis Inc. (VSAR)

   What put it on my radar screen: I look for data events and VSAR has a Phase III trial readout in September for a growth-hormone deficiency drug called VRS-317. This is the results of a 12-month trial, and there’s plenty of time leading up to the announcement; that gives us a nice long runway for a breakout.

   Additional plus: Perceptive Advisors and Baker Brothers are top holders in the stock. I like it when respected names are big players; it lends stability in an industry noted for its volatility.

   The potential: Based on the chart and where VSAR has gone based on news events in the past, it looks to me like $20 is a possible high point.

   What I’m watching / when I might act: I tend to watch stocks for a few weeks to see how they’re trading, so that when I am ready to buy I can pick up shares on weakness. I try to buy four to six weeks ahead of the data readout, meaning I’ll give the stock a much closer look come late July, at which point I will make my decision to trade or take a pass. If I buy VSAR, I’ll likely be out days or weeks before the trials results are announced, sooner if the stock hits my target.


   Kyle Dennis runs Kyle Dennis’ Biotech Breakouts (biotechbreakouts.com). He is an event-based trader, who prefers low-priced and small-cap biotech stocks.  At the time this article was published on RagingBull.com, he had he had no open positions, options or orders in VSAR, and last traded the stock on October 10, 2016.As noted in the article, he may soon be trading the stock again.

You may also like

Exclusive System Tracks Wall St. Insiders

“Dollar Ace Simply Exposes Information That Wall Street Wants To Keep Quiet” Said Kyle Dennis
“One member, Wesley M., has already reported 360%+ gains in just a few short days. Don’t miss this!”
(Reserve Access Now)

“What Recession?!” Jason Bond nets $55,060 in realized profit in One Day

After going 6 for 6 on profitable trades recently, we caught up with Jason to ask how he did it.
Check out Jason’s exclusive interview revealing this tightly guarded strategy. (Watch Now)

RagingBull.com Co-Founder, Jeff Bishop, Launches High Conviction Trade Service

“We listen to our clients and we give them EXACTLY what they want, so we designed a service to deliver 1 trade, 1 time a week, with a 100%+ PROFIT TARGET, directly to your inbox every Monday before the market opens. (Read More)

Be a Better Stock Trader, Starting Today

Get the expert insights, tips and strategies you need to optimize your trading skills and profiles