In The Zone

$PASG – Passage Bio, Inc.

 In the Zone this week is Passage Bio, Inc. in which trades on the Nasdaq composite Index under stock symbol $PASG. Passage Bio, Inc., is a Philadelphia based genetic medicines biotechnology company that focuses on developing transformative therapies for rare monogenic central nervous system diseases. 

It has research, collaboration, and license agreement with the University of Pennsylvania and its gene therapy program; and The Trustees of the University of Pennsylvania for research and development collaborations, and exclusive license rights to patents for certain products and technologies.

 

The stock has been advancing for the past 3 months coming from a price low of $12.10 and up over 100%. If you have a look at the stock chart of the company what I am looking for is a breakout in price above its all time closing price high of $27.33 in order to take this stock highet. 

 At the close of trading in the market on Friday the stock ended the day trading at $24.78 up $0.79 or 3.29% on lighter than average upside daily trading volume of 132,748. The stock is up 26.82% for the week. Going forward keep this stock on your radar for a potential move higher to the upside in the week ahead.

Please have a look at the stock chart below.

  

By Marlin Rolle