Nektar Therapeutics (NKTR) – Bullish Earnings Play – May 3rd, 2019

Bullish – NKTR $32.14 – Healthcare

The bullish DailyPlay we chose for Friday, May 3rd is Nektar Therapeutics (NKTR). NKTR is part of the Healthcare Sector (XLV). XLV has declined 2.40% lower over the past month and its 1m and 6m trend turned neutral and bearish yesterday but just broke above a major resistance level at $89.

Nektar Therapeutic’s 1m and 6m trends turned bearish on April 14th and recently bounced higher off its $31.50 major support level yesterday. With a technical score of 2 (out of 10), NKTR is a weak stock that may jump higher on earnings next week. 

As a stop loss, if NKTR was to trade below $31.50 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

View NKTR Trade

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