IMV Inc. IMV Stock Analysis

IMV Inc. stock trades under the ticker IMV & is a Biotechnology company.

IMV stock closed at $2.05/share on 7/26/2021, after showing great technical strength over the prior 2 days.

IMV Inc. IMV Stock Technical Performance In The Last Year

IMV Stock Price: $2.05

10 Day Moving-Average: $1.63

50 Day Moving-Average: $2.16

200 Day Moving-Average: $3.05

RSI: 54.9

Yesterday, IMV stock completed a bullish MACD crossover after jumping ~26% during the day, following a ~18% increase the day prior.

With an RSI of ~55 there is still room for IMV Inc. to climb, although there may be a shake out period after back-to-back gap up days.

The volume of the last two days of trade show great momentum behind the changes in price, with shares trading at far higher volume levels than anytime in the last year.

IMV will need to clear the $2.15 price level to break the resistance of where it had been prior to early July before its heavy gap down on 7/15/21.

Once that has happened, I’m eyeing the $2.40/$2.50 price level where the High of yesterday’s prices was.

The filled green candle yesterday isn’t the best looking situation to be in, but after a ~49%+ jump in price there is some shaking out to be expected as it establishes a new range.

Unfortunately, the options for IMV are around that second level that I am eyeing for price, with the cheapest calls & puts available at $2.50.

I may eye the $2.50 calls, especially today as the price of IMV shares begins to drop a bit & settle down.

I’m also debating buying some shares outright as well, as looking at IMV’s delta that may offer similar (but not the same) reward with slightly less risk.

If there shares do go into the money at $2.50, that will be 25%+ profit, and selling them as calls will get a little extra money with the attached premium.

Either way, IMV is an interesting stock that traders should have their eyes on in the near-to-mid term.

*** I DO NOT OWN SHARES OF IMV STOCK ***