Today hasn’t been the best day for the US markets. When we look at the majority of stocks today, what we’re seeing is a sea of red. Fortunately however, even on bad days in the market, there are usually a few very good opportunities that become apparent. Today, I think I’ve found 3 of them. Here are a few stocks that you may want to keep your eye on…
MannKind Corporation’s Pull Back Screams Opportunity
MannKind Corporation (NASDAQ: MNKD)
MannKind corporation is one of my favorite stocks to follow. Since I heard about Afrezza a while back, I simply couldn’t get enough of the news. So, when Goldman Sachs downgraded the stock months ago, I was a bit shaken; but not broken. I still believed that MNKD had a solid product and that there was going to be opportunity down the line. Low and behold, a couple of weeks ago, Jefferies released the results of a survey. The survey got more than 50 responses from endocrinologists; 65% of whom said they have heard of and plan on using Afrezza. As a result, MannKind’s stock has been on a strong bullish trend. Today however, we’re seeing a bit of a pull back. However, it’s important to remember that strong trends have bad days sometimes; but it’s not likely for trends to change directions overall. So, today’s pullback in MNKD is presenting quite the opportunity to get in on the gains.
Synergy Pharmaceuticals Looks Nice Too
Synergy Pharmaceuticals Inc (NASDAQ: SGYP)
Synergy Pharmaceuticals is also having a less than desirable day in the market. However, when looking at the 5 day chart; you can see that Friday was a strong day and that more bullish activity was to follow on Monday. When trading, an important idea to keep in mind is that the price movements in the market are a series of overreactions that outline an overall trend. So, after strong gains, we tend to see slight corrections before the gains continue. I think that’s exactly what we’re seeing in the declines from SGYP today as well. So, keep a close eye on the stock and consider it a possible buying opportunity.
Aoxing Pharmaceutical Company Is Likely To Explode
Aoxing Pharmaceutical Company Inc (NYSEMKT: AXN)
Aoxing Pharmaceutical Company stock is having a rough day in the market today. However, it climbed dramatically yesterday; gaining more than 60%. The climb was caused by a Saturday press release that explained that AXN would be giving important company updates at the New York Stock Exchange. The update announcement is taking place at the moment. In the mean time, we’ve seen declines today; bringing the stock down from highs as investors anticipate the news. With that said, there may not be much time left to get in on this one. Watch it closely…when it starts on the uptrend, it’s likely to pop!
Do You Know Of Any Other Great Opportunities In Healthcare?
If so, let us know in the comments below!