Long Position on IMCR @ $59.20 on 1/25/2023 (Momentum)
Immunocore Holdings plc (IMCR) engages in the development of immunotherapies for the treatment of cancer, infectious, and autoimmune diseases. 
The company offers KIMMTRAK for the treatment of patients with unresectable or metastatic uveal melanoma. Its other programs for oncology comprise IMC-C103C that is in Phase I/II dose escalation trial in patients with solid tumor cancers, including non-small-cell lung (NSCLC), gastric, head and neck, ovarian, and synovial sarcoma cancers; IMC-F106C, which is in a Phase I/II dose escalation trial in patients with multiple solid tumor cancers comprising NSCLC, small-cell lung, endometrial, ovarian, cutaneous melanoma, and breast cancers.
In addition, the company's programs for infectious diseases include IMC-I109V, which is in a Phase I/II clinical trial in patients with chronic hepatitis B virus; and IMC-M113V that is in pre-clinical development stage for patients with human immunosuppression virus.
Further, it develops product candidates to provide precision targeted immunosuppression for the treatment of autoimmune diseases. Shares have formed a bullish "
flag." We expect higher share prices. On November 9th, IMCR reported 3rd Quarter September 2022 earnings of $0.14 per share on revenue of $48.5 million. The consensus estimate was a loss of $0.26 per share on revenue of $37.7 million. Revenue grew 493.9% on a year-over-year basis.
- Entry Point: $59.20
- Stop Loss: $56.40
- Trading Range: $20.02 to $69.05
- Target Price: $65.00
Updates
2/13/2023 12:10:21 PM
IMCR closed at $65.
Position closed on 2/13/2023 at price of $65.00 with a 9.80% gain in 19 days.