27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
The most oversold stocks in the health care sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30.
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Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.
Vera Therapeutics, Inc. (NASDAQ:VERA)
- Vera Therapeutics recently announced topline results of the Phase 2b ORIGIN clinical trial of atacicept for the treatment of IgA nephropathy. The company’s stock has a 52-week low of $5.20 .
- RSI Value: 17.27
- VERA Price Action: Shares of Vera Therapeutics fell 1.3% to settle at $5.41 on Monday and lost 0.4% in today’s pre-market trading.
Fate Therapeutics, Inc. (NASDAQ:FATE)
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- Goldman Sachs maintained Fate Therapeutics with a Sell and lowered the price target from $10 to $4. The company’s stock has a 52-week low of $4.02.
- RSI Value: 20.46
- FATE Price Action: Shares of Fate Therapeutics jumped 24.3% to close at $5.27 on Monday and lost 1.9% in today’s pre-market trading.
Century Therapeutics, Inc. (NASDAQ:IPSC)
- Century Therapeutics revealed an internal portfolio prioritization and capital allocation strategy that is expected to extend the cash runway into 2026. The company’s stock has a 52-week low of $4.76.
- RSI Value: 22.67
- IPSC Price Action: Shares of Century Therapeutics fell 2.9% to close at $4.78 on Monday.
Third Harmonic Bio, Inc. (NASDAQ:THRD)
- Morgan Stanley, last month, downgraded Third Harmonic Bio from Overweight to Equal-Weight and lowered the price target from $34 to $5. The company’s 52-week low is $3.89.
- RSI Value: 22.81
- THRD Price Action: Shares of Third Harmonic Bio closed at $4.20 on Monday.
Graphite Bio, Inc. (NASDAQ:GRPH)
- Graphite Bio reported it is voluntarily pausing the Phase 1/2 CEDAR study of nulabeglogene autogedtemcel (nula-cel) for sickle cell disease due to a serious adverse event in the first patient dosed with nula-cel.. The company has a 52-week low of $1.59.
- RSI Value: 26.40
- GRPH Price Action: Shares of Graphite Bio rose 3.5% to close at $1.9150 on Monday and added 6.5% in today’s pre-market trading.
Read More: Insiders Buying Heska, B. Riley Financial And 2 Other Stocks
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.