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Turnaround Tuesday: Without Our Health…Moderna MRNA

January 7, 2025

Mish's Daily

By Mish Schneider

In the Outlook 2025 I list 10 picks.

But then, I end with Honorable Mention stocks that I describe as “These stocks faced challenges in 2024, but as we approach 2025, they show promising fundamentals and charts with clear support levels and obvious breakout points.”

Moderna is first on that list.

The Headlines

Moderna shares jumped more than 10% (actually nearly 14%) to lead S&P 500 gainers Tuesday, a day after the first bird-flu death was reported in the U.S.
The biotech company is developing a vaccine for H5N1.
Despite Tuesday's gains, Moderna shares are down more than 55% over the past year.

Also stated in the Outlook 2025 about the ETF IBB or a member of the Economic Modern Family (Big Brother Biotechnology):

“Should IBB hold the 80-month moving average, we expect an uptrend into 2025, driven by big pharma's focus on immunology and treatments, as well as the growing popularity of diet drugs.”

Looking at the Daily chart of Moderna:

In June 1024, MRNA broke down under the 50 daily moving average. Then in August, MRNA failed the 200-DMA.

Until today, January 7th, the downtrend has been significant.

Now, with the headlines as a catalyst, MRNA cleared the 50-DMA.

We like to see a second day confirmation of a phase change, in this case from bearish to recuperation.

Leadership is a plus and momentum agrees with the need for confirmation, rallying right into the Bollinger band.

The Podcast Geoff and I did last night mentions IBB and a whole lot more-quite prescient.

Educational purposes only, not official trading advice. 

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Mish in the Media-Want to see more? All clips here 

Outlook 2025, the PDF This will set you up on the right side of the market along with many picks

Podcast MarketGauge Mish and Geoff cover the one-day trading range in January-which indices and sectors set up and what that means for traders 01-06-25

Business First AM Mish’s Best and Worst Trades of 2024 01-03-24

Schwab TV with Diane King Hall Stock Picks 01-03-25

Business First AM Mish covers hot topics for 2025 and why 01-03-25

BNN Bloomberg Best Strategies to Invest January Trend Trade 01-02-25

BFM The Business Station The importance of the January trend trade and how to use it 01-01-25

Fox Business Mish sits with Ash Webster to discuss headwinds and how to navigate them 12-26-24

Coming Up: 

January 6, 13, 27 Podcast  

January 8 Real Vision

January 15 BNN Bloomberg 

January 15 Maggie Lake 

Weekly: Business First AM 