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Good day, 360!

Jason Bond is on a HOT STREAK! Trading is hard and results should not be expected to be replicated but Jason Bond can teach you the strategies that helped him return over 1900% recently. His SPOOKTACULAR special ends Thursday so get yourself in there now!

Spooktacular 👻I Oktoberfest 🍺


FOCUS LIST🔎

HCTI – Up over 140% in the pre-market after the company disclosed in a filing that it acquired the business, assets, and operations relating to cloud and technology domain of Securekloud Technologies.

EVOK – Up over 100% in pre after announcing statistically significant improvement in patient outcomes for GLP-1 users with Diabetic Gastroparesis using GIMOTI®

GLUE – Up over 30% in pre after announcing global license agreement with Novartis to advance T and B cell-modulating VAV1-directed Molecular Glue Degraders


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HOTLIST🔥

HCTI – Up over 140% in the pre-market after the company disclosed in a filing that it acquired the business, assets, and operations relating to cloud and technology domain of Securekloud Technologies.

Healthcare Triangle Inc. (HCTI) is a healthcare information technology company that focuses on developing solutions in the sectors of cloud services, data science, and professional and managed services for the electronic health record, and healthcare and life sciences industry.

In the pre-market this morning, the company disclosed in a filing that it acquired the business, assets, and operations relating to cloud and technology domain of Securekloud Technologies.

SecureKloud is an industry-recognized global leader in the Cloud services arena.

Shares of HCTI traded up over 100% in the premarket in reaction to the news.

The $1.14 area acted as resistance in the after-hours and then support in the pre-market.

Above it, targets to the upside are $1.25, $1.40 and then the pre-market high at $1.43. Beyond that, $1.80, $2.25 and $2.90 come into play.

Below $1.14, targets to the downside are $1, $0.80, $0.70 and then a gap fill at $0.58.


EVOK – Up over 200% in pre after announcing statistically significant improvement in patient outcomes for GLP-1 users with Diabetic Gastroparesis using GIMOTI®

Evoke Pharma Inc. (EVOK) is a specialty pharmaceutical company that primarily focuses on the development and commercialization of drugs for the treatment of gastroenterological disorders and diseases.

In the pre-market this morning, the company, together with EVERSANA, a leading provider of global commercial services to the life sciences industry,  announced the presentation of data for GLP-1 users with diabetic gastroparesis using GIMOTI at the American College of Gastroenterology (ACG) 2024 Annual Meeting.

Highlights include:

Analysis of real-world data compared patients on GIMOTI (n=51) to Oral Metoclopramide (n=41), both taking GLP-1s, showing significant statistical improvement for GIMOTI over Oral Metoclopramide in All Cause Emergency Department Visits (-91%, p=0.001), All Cause Office Visits (-41%, p=0.027) and All Cause Hospital Outpatient Visits (-89%, p=0.032) within 6-month index period

Data presented at American College of Gastroenterology (ACG) 2024; the submission garnered both the Presidential Poster Award as one of the top 5% of data accepted to the conference and selected as the Outstanding Research Award in the Stomach Category

First study to show Gimoti’s potential as supportive care for GLP-1 therapy

Shares of EVOK traded up over 200% in the pre-market in reaction to the news.

The $11.50 area acted as support in the pre-market and will be an important level to watch.

Above it, targets to the upside are $13.30, $14, $15 and then the pre-market high at $17.20.

Below $11.50, targets to the downside are $10, $9, $8, $7 $6 and then a gap fill at $5.30. 


🔥The Hot Streak Continues 🔥

40 Make that 45 straight wins for the $2,000 Small Account Journey

*Balance Update: $2k to $40,511 or +1,926%

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50% OFF ENDS OCT 31st!

*Trading is hard, results not guaranteed and should not be expected to be replicated typically.

GLUE – Up over 30% in pre after announcing global license agreement with Novartis to advance T and B cell-modulating VAV1-directed Molecular Glue Degraders

Monte Rosa Therapeutics, Inc. (GLUE) is a clinical-stage biotechnology company developing novel molecular glue degrader (MGD)-based medicines.

In the pre-market this morning, the company announced a global exclusive development and commercialization license agreement with Novartis to advance VAV1 MGDs, including MRT-6160.

The agreement is expected to accelerate MRT-6160 clinical development and broadly explore therapeutic opportunities across multiple indications

Monte Rosa to receive up-front payment of $150 million and is eligible to receive milestone payments, U.S. profit and loss share, and tiered royalties on ex-U.S. net sales 

Monte Rosa is eligible to receive up to $2.1 billion in development, regulatory, and sales milestones, beginning upon initiation of Phase 2 studies, as well as tiered royalties on ex-U.S. net sales. Monte Rosa will co-fund any Phase 3 clinical development and will share any profits and losses associated with the manufacturing and commercialization of MRT-6160 in the U.S.

Shares of GLUE traded up over 30% in the pre-market in reaction to the news.

The $6.20 area acted as support in the pre-market and will be an important level to watch.

Above it, targets to the upside are $6.60, $7, $7.50 and then the pre-market high at $7.71. Beyond that, targets to the upside are $8.20 and $8.70.

Below $6.20, targets to the downside are $6.10, $6, $5.50, $5 and then a gap fill at $4.89.


MARKET NEWS 📰

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Author:
Jeff Bishop

One of the best traders anywhere, over the past 20 years Jeff’s made multi-millions trading stocks, ETFs, and options. He is renowned as an incredible trader with a deep insight and a sensitive pulse on the markets and the economy. Jeff Bishop is CEO and Co-Founder of RagingBull.com.

Even greater than his prowess as a trader is his skill and passion in teaching others how to trade and rake in profits while managing risk.

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