A big week starts with this growing biotech play
Published: Mon, 03/06/17
![]() SMS alerts can make the difference between a profitable trade and a missed opportunity. Text “alert” to 97000 to receive our instant, reliable and free SMS alerts. Hello fellow investors / traders, We are focusing on OBMP today, a hot biotech ticker.
In fact, members will remember I first alerted OBMP on 20 January. It opened at $0.20 and hit $0.25 that same day on big volume for a 25% gain. Even more impressive was that it went on to breakout in a big way, hitting a six month high of $0.42 just a few weeks later, for over 100% gains from our alert price. OBMP closed at around $0.32 on Friday. I was watching level 2 and it appeared to have a ton of support at $0.30. That's why I think we see another push to the upside this week. For those newer members, my view on OBMP remains the same, and here it is... Biotech has been one of the hottest sector in 2017, and it shows no signs of slowing down yet. Many small cap biotech's have been running 100, 200, even 1,000%+ in a matter of days. This sector is on fire, and with recent strong momentum, OBMP continues to show tremendous strength amidst a technical breakout. Actually, OBMP has one of the hottest charts in the entire market. A few weeks ago OBMP broke through recent highs and it hasn't looked back since. And the popular trading website Barchart.com concurs, rating OBMP a buy on every time frame - short, medium and long term. In addition, OBMP has excellent recent volume and liquidity, a tight level 2, and a small market cap and float, as it has steadily climbed higher over the past week or so. So what's the catalyst for this breakout move higher? OBMP has recently been announcing some major news regarding ProscaVax, its novel therapeutic cancer vaccine. Last month, OBMP announced that the Company's abstract illustrating research on its novel therapeutic cancer vaccine, has been accepted for a poster presentation at the American Association for Cancer Research (AACR) Annual Meeting 2017 in Washington, D.C. Just over a month ago, OBMP provided the latest clinical data of ProscaVax, the Company's novel therapeutic prostate cancer vaccine. In January, OBMP announced the receipt of acknowledgement and authorization to perform the protocol proposed for the Phase 2/3 clinical trial of ProscaVax from the Department of Urology of the High Specialty Hospital IMSS Siglo XXI ("HSH IMSS") in Mexico. And before this, OBMP announced that its upcoming Phase 2 trial of ProscaVax, a novel therapeutic cancer vaccine, is a prime candidate for submission to the Cancer Therapy Evaluation Program (CTEP) at the National Cancer Institute. These are some impressive and major catalysts for a company with a market cap of less than $20m. OncBioMune Pharmaceuticals (OBMP) is a clinical-stage biopharmaceutical company engaged in the development of novel cancer immunotherapy products, with a proprietary Vaccine Technology that is designed to stimulate the immune system to attack its own cancer while not hurting the patient. The Company's lead product, ProscaVax™ for prostate cancer, is near conclusion of a Phase 1 trial funded by the Department of Defense Navy Cancer Vaccine Program. Based upon data showing ProscaVax is non-toxic and can lower PSA levels, they are moving ProscaVax into a Phase 2 trial for prostate cancer patients in the “Active Surveillance” category, an early stage of disease for which there are currently no treatments without significant morbidities. OncBioMune also has a portfolio of targeted therapies, some of which are biosimilars to blockbuster drugs. The prostate cancer market is a $7.1B market right now, and unfortunately one that is growing fast. OBMP is a company that could have an answer . The company's recent press releases are a signal to the world that the company has arrived, and is rapidly gaining traction on finding a much needed solution for this terrible disease. We urge you to get OBMP on your screen now and do your research. There is plenty of information on their website and around the internet, including Yahoo! Finance and many other finance portals. OBMP has a ton of momentum on its side. With a breakout chart in full force, and great recent liquidity and volume, a tight level 2, major recent catalysts and an extremely hot sector, this is and could continue to be the perfect trading storm. Happy trading. To your success,
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