Within the Same Breed

In light of the BLUE spike higher this morning (though it is off its highs now), in my Morning Prep video for Market Chess Subscription Service members this morning we looked at another immunotherapy play, Aduro, as potentially seeing pin action from the BLUE gap up. 

And on the updated daily chart, below, even though ADRO has taken some beatings in recent months it may very well be ripe to snapback a bit more off this BLUE news. As long as the stock holds over $30 I view the snapback rally thesis as being in play. 

And this morning's action thus far is playing out by the pin action playbook.