For a sector that’s focused on healing and helping, healthcare seems to be set on profitability as well.
As a whole, the stocks that make up this portion of the market have been thriving, but there’s one company in particular that’s managed to outperform the rest…
Over the course of just one year, Mirati Therapeutics (MRTX) shares have increased as much as 1,600%!
A gain that would’ve effectively multiplied your original investment by 17!
Here’s how it all happened and why you should be on the lookout for the second wind of these EASY earnings.
During January of 2016, Mirati Therapeutics entered a vicious downtrend that lasted a little over a year and a half.
As you can see from the left of the chart below, once MRTX shares dipped under the 40-week moving average (red line) they stayed there until the price reached $5 or so and broke above it.
Afterwards, Mirati Therapeutics stock began to bounce higher and higher. Believe it or not, just one day of trading back in September, 2017 pushed values up 161%!
A profit that many shareholders would’ve happily closed the trade with. The thing is, this increase was far from over…
For an entire year straight, this upward trajectory continued, raising the MRTX price tag from $5 to approximately $65.
A total gain of 1,600%!
But as you know, history tends to repeat itself and at the start of this past October, MRTX shares slipped back below the red.
If you happened to miss out on the price bump that took place between mid-2017 and October, 2018, then NOW is your chance to make up for lost ground.
After laying low for a few months, Mirati Therapeutics once again broke above the 40-week moving average.
Since the turn of the new year, shares have already jumped up more than 50%!
For the time being, MRTX is well above the 40-week moving average and the stock itself appears to be in an uptrend.
If you ask me, that’s not a bad start to 2019. Either way, if the stock operates somewhat similarly to how it did before, then there are some big-bucks to be made from this investment.
So far, we’ve had every indication that Mirati Therapeutics seems to have a promising future ahead of itself. So, why not get in on the action?
Use this one company from the healthcare sector to your advantage and keep your fingers crossed for another opportunity to multiply your original investment 17x’s over!
