Long Position on FATE @ $16.85 on 12/11/2018 (Momentum)

Bullish Cup and Handle on $FATEFate Therapeutics, Inc. (FATE) develops programmed cellular immunotherapies for cancer and immune disorders worldwide.

Its immuno-oncology product candidates include FATE-NK100, a natural killer (NK) cell cancer immunotherapy that consists of adaptive memory NK cells; FT500 induced pluripotent stem cells (iPSC)-derived NK cell product candidate for the treatment of advanced solid tumors; FT516 engineered iPSC-derived NK cell product candidate for the treatment of hematologic/solid tumors; and FT819 engineered chimeric antigen receptor 19 iPSC-derived T-cell product candidate for hematologic/solid tumors.

The company's immuno-regulation product candidates comprise ProTmune, an investigational programmed cellular immunotherapy for use as a next-generation allogeneic hematopoietic cell transplantation cell graft; ToleraCyte for the treatment of autoimmune and inflammatory diseases; and FT300 iPSC-derived myeloid derived suppressor cell product candidate for the treatment of autoimmune diseases.

Fate Therapeutics, Inc. has a research collaboration and license agreement with Memorial Sloan Kettering Cancer Center to develop off-the-shelf engineered T-cell product candidates; a research collaboration partnership with the University of California San Diego to develop off-the-shelf chimeric antigen receptor-targeted natural killer cell cancer immunotherapies.

It also has a strategic research collaboration and license agreement with Juno Therapeutics, Inc. to identify small molecule modulators that enhance the function of T cells; and a collaboration agreement with ONO Pharmaceutical Co., Ltd. for the development and commercialization of two off-the-shelf CAR-T cell product candidates. 

Shares have formed a bullish "cup and handle" and are expected to move higher out of this formation.

Entry Point:  $16.85

Stop Loss:  $16.00

Trading Range: $4.11 - $17.98

Target Price:  $18.54

Updates

3/14/2019 10:29:25 AM

FATE sold at $18.50

Position closed on 3/14/2019 at price of $18.50 with a 9.79% gain in 93 days.

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