Blueprint Medicines Corporation (BPMC) is a biopharmaceutical company. The Company focuses on patients with genomically defined diseases driven by abnormal kinase activation. The Company focuses on crafting drug candidates with therapeutic windows that provide clinical responses to patients without adequate treatment options. The Company has developed a small molecule drug pipeline in cancer and a genetic disease. The Company's drug candidate, BLU-285, targets KIT Exon 17 mutants and PDGFRa D842V, which are abnormally active receptor tyrosine kinase mutants that are drivers of cancer and proliferative disorders. It is engaged in developing BLU-285 for patients with systemic mastocytosis (SM), a myeloproliferative disorder of the mast cells, and defined subsets of patients with gastrointestinal stromal tumor (GIST). Its drug candidate, BLU-554, targets FGFR4, a kinase that is aberrantly activated and is a driver of disease in a defined subset of patients with hepatocellular carcinoma (HCC).
Well, I managed to attempt to play the bounce off the 50MA/support line last week and of course it broke below I decided to hold for more support at the $25 level, and cut my losses if it breaks below that level. This is my biggest loser right now, but thankfully most of my other positions are WAY outweighing the losses on this one. If you look at the finviz chart above as well, it's quite beautiful if it can return to that channel.
Will be important to get a bounce here, or I'll have to be cutting my losses on an unusually big loss for me (down 13% right now, much larger than I usually allow). Hopefully get that bounce we're looking for tomorrow. Saw a few analysts re-affirmed their Buy/Outperform ratings.
Looks like that support line was also a resistance last Dec. Hope you get that bounce. I wouldn't mind getting in if it does (and back to that channel).
Up over 5% today following a few up days before as well. Jefferies initiated it as a BUY with a price target of $40 Blueprint Medicines Corp. (BPMC) Coverage Initiated at Jefferies Group Source: https://baseballnewssource.com/mark...rage-initiated-at-jefferies-group/292517.html
Bounced off the 50MA today and sitting at the upper BB, but the slow grind up has continued the last week or two
The grind up has continued, currently sitting at previous resistance and the upper BB, but has room to move up to $38 as well. I decided to close my position at $32.65, as I'm not optimistic the 2nd half of this month. I ended with a 9.24% gain since 12/1.
Holding between my resistance line and the 50MA. If it breaks through one, there's support at $26 again, and a target of $38. I'm NO LONGER INVESTED in this one as I sold it last week at $32.65. Just an interested spectator at this point.
501 now! And yes ditto exactly what Rich said! This is very much well deserved IMO as well. The time & effort that you put into this place on a daily basis Chris is pretty doggone incredible. It's a rarity to find nowadays honestly. We seriously cannot thank you enough for all the work that you do for this forum. Keep it up buddy. You rock!
Still regretting getting out of this one. Been watching in for awhile as you can all see from this thread history, and it's broken way through my resistance lines.
Damn, really shoulda got back in this one a few weeks ago when it had a big drop and tested the 200MA again. Great day today up almost 10%
Entering oversold territory and been sitting at the lower BB awhile now. Should be support at the 200MA, we'll see if it holds
Up well over 100% since I started posting about this in December. Wish I'd been in it the whole time, I only made 9% on it....
