Why is $TEM stacking bull flags? đ
Flag 1, early August: Q2 revenue grew about 22% to $382M. The stock ran from $41 to $57, then flagged.
Flag 2, mid August: Moderna's melanoma trial win put a spotlight on Tempus's Personalis bet. The stock gapped from $49 to $73 in three sessions.
Flag 3, September: the whole-genome dataset launch, then management talking up data licensing at the Morgan Stanley conference. The stock went from $58 to $81.8.
Every flag had selling into it: insider 10b5-1 sales, ARK trimming, and Neutral initiations from Goldman and UBS. Each time, the stock held higher and broke out again.
#stocks
Flag 1, early August: Q2 revenue grew about 22% to $382M. The stock ran from $41 to $57, then flagged.
Flag 2, mid August: Moderna's melanoma trial win put a spotlight on Tempus's Personalis bet. The stock gapped from $49 to $73 in three sessions.
Flag 3, September: the whole-genome dataset launch, then management talking up data licensing at the Morgan Stanley conference. The stock went from $58 to $81.8.
Every flag had selling into it: insider 10b5-1 sales, ARK trimming, and Neutral initiations from Goldman and UBS. Each time, the stock held higher and broke out again.
#stocks
