FEATURED CONTENT

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!

 

Podcast: Dennis eyes a leg up on Exelixis (EXEL)

RagingBullRagingBull ·

Kyle Dennis of BiotechBreakouts.com says that Exelixis Inc. (EXEL) is poised to move thanks to late-stage approvals for two different cancer drugs on the calendar for mid-January and February. Dennis said that Exelis is a play on three levels; it has catalysts, solid fundamentals and attractive technicals, noting that the stock is at the bottom end of an upward-sloping channel. While he did note that Exelixis has a high price/earnings ratio of 55, he noted that the PEG ratio is a more normal 1.19; beyond the fundamentals and the stock’s chart, he liked that the company’s portfolio of cancer drugs could make it a potential takeover target. Dennis said Exelixis is a great value under $28 per share, with a price target back to the recent 52-week high of $32,setting a stop-loss at $25.50, which would be a breakdown of the upward channel.

 #-#-#

Kyle Dennis is a catalyst – and events-based trader who runs BiotechBreakouts.com. He had no shares, options or open orders in either EXEL when this interview was recorded on Dec. 1, but had the stock on his watch list and anticipated buying it under $28 per share, as described in this conversation. The Raging Bull podcast features experts from the site talking with Raging Bull editor Chuck Jaffe on his show, “Money Life with Chuck Jaffe.” You can learn more about Chuck’s daily hour of market and personal-finance chat at MoneyLifeShow.com; you can subscribe to the Raging Bull podcast via iTunes and other podcast providers.

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
START NOW