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Health Care Stocks On the Rise: Beware of Explosive Momentum

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On December 5, 2023, a storm is brewing in the health care sector as five stocks show signs of a looming explosion, which could catch unsuspecting investors off guard.

These stocks have been riding a wave of unchecked momentum, racing to alarming heights that could trigger a disastrous nosedive.

But what are these stocks and why are they causing such a commotion? Let’s take a closer look.

EyePoint Pharmaceuticals, Inc. EYPT

  • EyePoint Pharmaceuticals is teetering on the edge after announcing topline results for its Phase 2 DAVIO 2 trial of EYP-1901. The stock soared 198% over the past five days, hitting a dizzying 52-week high of $22.44.
  • RSI Value: 93.44
  • EYPT Price Action: The shares rocketed 177.5% to close at $18.34 on Monday.

Altimmune, Inc. ALT

  • Altimmune has seen its stock surge around 73% in just a month following the announcement of topline results from its 48-week MOMENTUM Phase 2 obesity trial of pemvidutide. It also marks a 52-week high of $17.17.
  • RSI Value: 91.16
  • ALT Price Action: The shares climbed 29.7% to close at $4.63 on Monday.

Omeros Corporation OMER

  • Omeros has witnessed an 87% surge in its stock over the past month, following a disappointing third-quarter financial report. The company is now standing at a precarious peak with a 52-week high of $7.80.
  • RSI Value: 83.06
  • OMER Price Action: The shares gained 13.9% to close at $2.54 on Monday.

Terns Pharmaceuticals, Inc. TERN

  • Terns Pharma has surged more than 56% over the past five days, sprinting towards a 52-week high of $14.04.
  • RSI Value: 79.12
  • TERN Price Action: The shares rose 16.3% to close at $6.07 on Monday.

Ocular Therapeutix, Inc. OCUL

  • Ocular Therapeutix has seen its stock shoot up by 51% over the past five days, heading toward a precarious 52-week high of $7.96.
  • RSI Value: 77.61
  • OCUL Price Action: The shares gained 25.4% to close at $3.36 on Monday.

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Read More: Investor Sentiment Improves Further; Fear & Greed Index Remains In β€˜Greed’ Zone


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