July 15, 2019
Stocks To Watch This Week
Galapagos NV ($GLPG) is a Biotechnology company in the Healthcare sector. The company released news this evening, stating that Gilead has entered into an agreement with the company, and in turn increasing their stake in GLPG from 12.3% to 22% (Marketwatch). This is an incredibly positive news catalyst, as the company is set to receive $5.1 billion as part of the agreement. I expect some profit-taking after the morning run-up, and plan to dip buy this around mid-day at the $144.50 natural resistance level!
Milacron Holdings Corp. ($MCRN) is a Diversified Machinery company in the Industrial Goods sector. This low-float midcap stock ran Friday morning, after releasing news of a proposed acquisition from Hillenbrand (their stock price fell through-out the day). The buyout proposal is actually a premium for MCRN, which is why the price action was bullish. I expect this momentum to carry into Monday, and plan to day trade this over the $17.25 natural resistance level for the breakout!
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