It’s not every day that I find a biotech stock that goes up over 100% intraday.

When I see a biotech stock showing promise in the pre-market, I’ll be sure to add it to my watch list and my thoughts, which I share with my members every day.

It just so happens that yesterday there was a monster moving biotech stock.

Of course, I’m talking about VERU.

By lunchtime yesterday, the stock was up close to 180%, according to the above chart from Finviz.

This impressive morning action came after the company reported positive drug news.

After noticing the pre-market move in the stock, along with the fresh news in the name, I added the stock to my watch list and shared my thoughts with my Biotech Breakout members.

I told my members around 11 am that I was looking for a pullback in VERU as I believed this stock could continue its move to the upside.

There was something I couldn’t have foreseen in this stock, though.

The picture-perfect chart patterns:

This stock offered multiple possible entry areas for a long trade.

During the early session, the stock made consecutive higher highs and lows, which offered good R: R and confirmed that buyers were in control.

Then came the Boooya! Biotech Breakout setup, when the stock broke out of the consolidation mid-morning with increased volume. 

Not only is it reasonably uncommon to see a biotech stock moving so rapidly intraday, but for the stock to also provide multiple clean entry opportunities is just downright awesome and not something I see every day.

Luckily for me, though, I was able to identify this stock early on and share my thoughts, the news, and my game plan with my members.

When a stock has such a fantastic range and opportunities as VERU did, I won’t allow myself to let it fly under the radar.

In trading, there’s a saying that goes something like, “you’re only as good as the stocks you trade.”

Stock selection can be challenging, especially early on in one’s trading career, and that’s why I love sharing my watch list each day with my members.