Moderna, not just a one-trick pony

Good day, 360 –

Here are our top 3 trade ideas today – these setups look primed! Be the best prepared trader on the Street!  And check out our upcoming Calendar of 360 Events towards the end. 

MRNA - 7% higher in pre-market after Phase 3 success of “2nd Vaccine”

UAL -  Up 3% after beating on top and bottom lines and guiding higher

OTRK - 60% higher after data shows significant reduction in depression and anxiety symptoms 

Boardroom Investing is keeping its newest investing opportunity under wraps until Thursday, but here’s a hint – this mystery startup operates in what was formerly “the private playground of kings and queens!”

So join us Thursday, January 19, 1:00pm - 1:30pm (EST) for this invitation-only interview, where we’ll be hearing from the CEO on:

👉 The company’s story and vision for OWNING the industry

👉 Real results (including its “in the money” track record)

👉 How you might be able to (literally) throw your hat in the ring

Click HERE to add this event – fit for a Queen – to your Calendar!

MRNA - 7% higher in pre-market after Phase 3 success of “2nd Vaccine”

Moderna (MRNA) announced successful phase 3 data for mRNA-1345, a vaccine targeting RSV in older adults. The trial met its primary endpoints against RSV-associated lower respiratory tract disease. Based on the results, Moderna intends to submit for regulatory approval in the first half of 2023.

The $200 level was support in the after-hours and is likely to be an important pivot point.

Above it the next target is the after-hours high of $206.68, and then the major prior resistance around $209-$211. The next resistance levels above that are $212.50 and then $217.25. Above that there is plenty of room to run to $240.

Below $200 the next potential support is at $195-$194, and then $190-$191.

UAL -  Up 3% after beating on top and bottom lines and guiding higher

United Airlines (UAL) reported adjusted Q4 EPS of $2.46 – beating the $2.10 estimate, with sales of $12.40 beating the $12.23 estimate. United announced it sees 2023 full year adjusted EPS of $10-$12 vs. $6.54 est. The stock is trading 3% higher on the news. 

The beat is impressive and UAL is still trading at a discount to 2015 - 2019 levels. However, the stock was already up over 40% in just 8 days before the earnings so there could be some profit taking into today’s liquidity.

The $52-$52.20 area was support in the after hours and is likely to be an important pivot point today. 

Above it, there is potential resistance at $53, $54 and then the next target for bulls would be the pre-market high at $54.33. Above that, the next resistance area is $55-$56 and then $58 and then a gap to fill at $60.15.

Below $52, there is a gap to fill at $51.20 and $50 is a prior area of support. Below $50 the next targets would be $49.30 and then $47.30 with $45.50 being the next potential support level below that.

OTRK - 40% higher after data shows significant reduction in depression and anxiety symptoms 

Ontrak (OTRK) announced initial assessment results showing that after six months, 30%  of assessed Ontrak Wholehealth+ members sustained a clinically significant reduction in anxiety symptoms and 55% sustained clinically significant reduction of depressive symptoms.

Given that the stock is down over 95% over the last 15 months and has a float of less than 18 million shares according to Finviz, it has significant bounce potential. The stock ran over 100% in August.

The $1-$1.05 area should be an important pivot point today. 

Above it, potential targets include $1.20, $1.40 and then $1.68 with $2 in play if it can hold above that major prior resistance.

Below $1 there is potential support at $0.80, $0.72 and then a gap to fill at $0.5750.

Economic Calendar (EST)

8:30am PPI-Final

8:30am Retail Sales

8:55am Redbook Sales 

9:00am Fed Speak, Raphael Bostic

9:15am Industrial Production

9:30am Fed Speak, James Bullard

10:00am Business Inventories

10:00am Housing Market Index

1:00pm Fed Speak, Esther George

2:00pm Beige Book

3:15pm Fed Speak, Patrick Harker

4:30pm API Crude Oil Data

5:00pm Fed Speak, Lorie Logan

Earnings for Today (After Market)

AA, DFS, EGBN, FHN, FUL, KMI, PFBC, TCBI, WTFC

Top Headlines

NFLX Price target: Raised to $339 from $210 at Truist

TSLA Tesla could soon be opening their largest retail and service location in Canada. The automaker is working towards opening a 60,000 square foot Sales and Service Center at the CF Lime Ridge Mall in Hamilton, Ontario. Source. 

GD General Dynamics awarded $149.5M U.S. Navy contract

MRNA: Moderna Announces mRNA-1345, an Investigational Respiratory Syncytial Virus (RSV) Vaccine, Has Met Primary Efficacy Endpoints in Phase 3 Trial in Older Adults

NIU E-scooter market size to grow by 4261.82 thousand units from 2022 to 2027: A descriptive analysis of customer landscape, vendor assessment, and market dynamics – Technavio

AAPL Apple plans cheaper mixed-reality headset, postpones AR glasses

NEW 👉 360 Wall St.  Events Calendar

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