Long Position on AVTR @ $36.00 on 7/19/2021 (Fundamentals)

Avantor, Inc. (AVTR) provides products and services to customers in biopharma, healthcare, education and government, advanced technologies, and applied materials industries in the Americas, Europe, Asia, the Middle East, and Africa.

The company offers materials and consumables, such as purity chemicals and reagents, lab products and supplies, formulated silicone materials, customized excipients, customized single-use assemblies, process chromatography resins and columns, analytical sample prep kits, education and microbiology products, and clinical trial kits.

It also provides equipment and instrumentation products, including filtration systems, virus inactivation systems, incubators, analytical instruments, evaporators, ultra-low-temperature freezers, biological safety cabinets, and critical environment supplies.

In addition, the company offers services and specialty procurements comprising onsite lab and production, clinical, equipment, procurement and sourcing, and biopharmaceutical material scale-up and development services. 

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

Entry Point: $36.00

Stop Loss: $34.20

Trading Range: $18.27 to $36.52

Target Price: $38.00

Updates

7/30/2021 10:23:25 AM

closed at $38

Position closed on 7/30/2021 at price of $38.00 with a 5.56% gain in 11 days.

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