After a major run up, I thought this monkeypox stock was due for a pullback. Here’s the update Total Alpha subscribers received in their inbox:

Here’s what I said about the stock:

After running from below $8 in May, SIGA was trading over $26 last week. I think the pullback over the last few days is just the beginning, and  I took a position on this last week. The next REAL support level is at around $15.

Here’s what happened:

SIGA TANKED!!!

Here’s how I traded it:

Here’s what subscribers are saying:

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Having hit my target to the downside, I like SIGA again but this time to the long side. I would stop out on a hold below $14.50, but I think this can run to nearly $20 again in a short squeeze!

From the chart $15 was a prior level of significant resistance and also where SIGA found buyers for a move through $20. I think history could repeat itself and am stalking the stock for an entry!

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