Undetected Magical Growth

Amid the rather prominent, daily short squeezes in the likes of SPCE and TSLA, not to mention CVNA, it is worth noting the continued strength in the biotechnology and healthcare space. 

ONEM was a recent IPO we discussed yesterday. But there are plenty more names seemingly flying well under the radar of most traders. Below, you will find two examples on their respective weekly timeframes: ALEC and KDMN. 

By all means, know your risk tolerance when in comes to individual, especially smaller bios. This will always be a bit riskier of a sector for various reasons. However, when the sector is in bull mode I will note it more than usual, especially considering the biotech space topped out back in 2015 (with the IBB ETF still below those highs, in fact). 

But the ALEC and KDMN weeklies are good examples of relatively undetected strength as both try for fresh breakouts over the long run in what is still a hot sector with more M&A likely to come before it is all said and done.