Northwest Biotherapeutics, Inc. stock trades under the ticker NWBO, and has recently shown technical strength making it worth taking a closer look at.
NWBO closed for trading at $2.30 (+12.75%) yesterday, 10/20/2020.
NWBO stock does not have options, so the only way to trade it is through the common shares, so the best way of finding a hedge opportunity might be through something like BIS, which is the inverse NASDAQ BioTech ETF (note that NWBO is an OTC stock, not a member of the NASDAQ).
NWBO Stock Price: $2.30
10 Day Moving-Average: $1.14
50 Day Moving-Average: $0.683
200 Day Moving-Average: $0.354
RSI: 86
Their RSI currently signals over-bought conditions, which should even out as they establish more of a new range, after multiple gap-up days in October.
Their 1.46 Beta shows that there may be some more volatility to NWBO’s stock than the general markets, signaling that with the proper timing there should still be some opportunities for profits from Northwest Biotherapeutics, Inc.’s stock.
*** I DO NOT OWN SHARES OF NWBO STOCK ***