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Good day, 360!
Here are some of our top movers today. Don’t forget Jeff’s Bullseye Pick of the WEEK drops today in Bullseye Trades… and Nate Bear’s trades his Pick of the MONTH live at 12ET. Jazz UP your trading today🕺.
FOCUS LIST🔎
RGTI- Up over 40% in the pre-market after Amazon Web Services launches Quantum-Computing advisory program
NVX – Up over 23% in pre after signing binding offtake agreement with PowerCo SE
CGTX- Up over 30% in pre after announcing company’s new analysis correlates biomarker changes with cognitive benefit in Alzheimer’s population
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HOTLIST🔥
RGTI- Up over 40% in the pre-market after Amazon Web Services launches Quantum-Computing advisory program
Rigetti Computing Inc. (RGTI) through its subsidiaries, builds quantum computers and the superconducting quantum processors.
Over the weekend Amazon Web Services launched its Quantum-Computing advisory program. AWS’s program aims to prepare customers for society’s shift towards quantum computing. Shares of companies that operate in the field jumped following the announcement including RGTI, QUBT and QBTS.
RGTI traded up over 40% in the pre-market after the news.
The $2.46 area acted as support in the pre-market and will be an important level to watch.
Above it, targets to the upside are $2.56, $2.61, $2.70 and then the pre-market high at $2.80. Beyond that, $3.50, $5 and $5.60 come into play.
Below $2.46, targets to the downside are $2.27, $2, $1.89, and then a gap fill at $1.75.
NVX – Up over 23% in pre after signing binding offtake agreement with PowerCo SE
NOVONIX Limited (NVX) provides battery materials and development technology for battery manufacturers, materials companies, automotive original equipment manufacturers (OEMs), and consumer electronics manufacturers in North America and internationally. It operates through Battery Materials and Battery Technology segments.
Over the weekend, the company announcedthe signing of a binding offtake agreement for a minimum of 32,000 tonnes of high-performance synthetic graphite material. The material will be supplied to PowerCo over a five-year term starting in 2027.
Established by Volkswagen in 2022, PowerCo is committed to ramp-up global battery cell production.
Shares of NVX traded up over 23% in the pre-market in reaction to the news.
The first target for bulls is the pre-market high at $2.45. Beyond that, $2.49, $2.60, $2.85, $3 and $3.10 come into play.
Below $2.45, targets to the downside are $2.38, $2.30, $2.22, $2.10, $2 and then a gap fill at $1.93.
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CGTX- Up over 30% in pre after announcing company’s new analysis correlates biomarker changes with cognitive benefit in Alzheimer’s population
Cognition Therapeutics Inc. (CGTX) is a clinical-stage biopharmaceutical company that engages in the discovery and development of small molecule therapeutics targeting age-related degenerative diseases and disorders of the central nervous system and retina.
In the pre-market this morning, the company announcedan update on a biomarker analysis from the Phase 2 ‘SHINE’ study in mild-to-moderate Alzheimer’s disease.
This new analysis focused on plasma samples from all participants who entered the study with lower levels of plasma p-tau2172. Several blood-based measures of Alzheimer’s disease biology were identified that were normalized in CT1812-treated participants compared to the placebo-treated participants.
These biomarker changes occurred in concert with a 95% slowing of cognitive decline as measured by ADAS-Cog11 in the same patients. These data provide further evidence that CT1812 may be preserving cognitive function and slowing disease progression by protecting key neurological system.
Shares of CGTX traded up over 30% in the pre-market in reaction to the news. Note: poor Alzheimer’s results from SAVA this morning at 8am EST saw shares of CGTX take a hit in sympathy.
The $0.47 area acted as support in the pre-market and will be an important level to watch.
Above it, targets to the upside are $0.51, $0.60, $0.65 and then the pre-market high at $0.70. Beyond that, $0.80, $0.90 and $1 come into play.
Below $0.47, there is a gap to fill at $0.4277 with $0.34 below that.
MARKET NEWS 📰
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