Score 9 (out of 10): EXACT SCIENCES CORP poised to seasonally rally by +28.5% during the next 90 days.

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What’s Going On Here?

Exact Sciences is a molecular diagnostics company specialising in the detection of early stage cancers. ‘Wall Street’ sees the shares +57% higher in the next 12 months. The stock is entering an interesting seasonal period now.

Why Now?

EXACT SCIENCES CORP indicates an interesting 90 days seasonal set up. During similar occasions, EXACT SCIENCES CORP shares had a median return of +28.5% – based on 9 historical occasions with 9 of those showing positive returns (100%). This buy signal for EXACT SCIENCES CORP received a high score of 9 (out of 10). This insight was generated with last price of 66.67.

What’s This Company About?

EXACT SCIENCES CORP is in the Diagnostic Kits business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: EXAS US.

What’s My Risk / Reward and Time Horizon?

We found 90 days to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 85.69 (+28.5%) has been reached. Based on EXACT SCIENCES CORP’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 61.17 (last price at 66.67), which is equivalent to a -8.2% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

1% (March-2021), 65.3% (March-2020), 28.8% (March-2019), 48.9% (March-2018), 57% (March-2017), 68% (March- 2016), 26.3% (March-2015), 23.1% (March-2014), 28.2% (March-2013)

Historical Chart:

Summary:

NameEXACT SCIENCES CORP
ViewUp
Star (1 to 10)9.0
Target28.5%
Time90 days
Hit Rate100%

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