Why do analysts think this biotech stock could run 218% 🤔

[RagingBull Elite]( Cologuard built a Billion-dollar biz without any competition… until now. --------------------------------------------------------------- *Sponsored by Awareness Consulting Group, please see disclosures below. Today, I have a stock that is super important for you to look at immediately. It is a small biotech company called Mainz Biomed (MYNZ). Volume and price have been on the move, and I think this is a stock you should look at before it gets away. One of the most interesting sectors I see right now is Biotechs. 💊 For example, if you saw my latest “Bullseye Trade” idea this week, it was a biotech stock, AMGN. I can’t remember how long it has been since I have been this excited about biotech stocks, and look at how that trade idea played out after just 2 days?! Next, take a look at the Biotech ETF (IBB) below. See how it has been drifting lower most of this year, but just recently started to perk up?  A ran a scan using my custom charting patterns, and you can see that it has been a few months since we have seen such a strong, bullish indicator as we are right now. While most other sectors, like tech stocks, have already gotten ahead of themselves – I think Biotechs present a great opportunity right now. By the way, I think I am pretty great at picking hot sectors. Remember that little gold stock I talked to you about last week? I sure hope you didn’t ignore it. It made a 68% move higher just over a week after I told you about it!  (last week’s idea was up another 10% just yesterday!) I only bring that up to show you that there are some amazing opportunities out there right now if you know where to look. Now, bring it back to why MYNZ is so important to look at right now. This is a $6 stock that I believe has enormous potential right now. Have you ever seen those “Cologuard” commercials on TV?  You know, this little annoying character talking to you about why you should screen for colon cancer? (By the way… you SHOULD get a screening done…) Well, this cute little mascot has helped the parent company (EXAS) make a fortune in early-detection kits… 💰 (1) It’s so successful, in fact, that it has become the first $1 BILLION diagnostic test kit on the market. (2) And this relatively simple test kit has helped EXAS shareholders witness some incredible returns the last few years. Take a look: Right now, EXAS has a stranglehold on this huge market with no other viable competitors…at least yet! 👉👉👉 This is where MYNZ comes into the picture. 👈👈👈 MYNZ is aiming to launch the first viable competitor for Cologuard. I mean, this is a huge opportunity right now. I could try to explain it all, but MYNZ does a much better job of that!  Just look at some of the materials I clipped from their website (3). MYNZ isn’t just a start-up idea. They are well along the journey in their attempt to bring this to market. In fact, it is already available in Europe, and they are currently in an enrollment process for their US application.  MYNZ says they even expect the results in the first half of this year (not too far away!) (4) 🤞 In fact, yesterday, MYNZ announced today that three new companies have selected ColoAlert®, the Company’s easy-to-use screening test for colorectal cancer (CRC) into their respective corporate health programs. The enormous potential for this global market is probably why analysts are drooling over the stock. 🤤 Look at the average projections that the Wall Street Journal has for MYNZ… (5) SeekingAlpha is roughly the same. They show the average analyst has a target that is 218% higher than the current price! (6) TipRanks shows that two analysts just reiterated their forecasts in the past week… (7) Seeking Alpha also has a great article detailing why MYNZ is a great long-term bet on testing kits (8)… I think one of the best things MYNZ did was take advantage of favorable terms for financing by raising over $22 MILLION when the stock was trading more than double the price it is today. (9) That move helped them secure a strong balance sheet with over $26 MILLION cash on hand (the figure below is reported by Yahoo Finance from their last filing date) (10) And again, from the MYNZ website, you can see they look a lot more promising than most early-stage biotech companies out there: One of my favorite technical trading sites, Tickeron, has this great report on what has happened with the stock historically when we have seen trading patterns like we see right now (11)… Bullish Trend Analysis The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 18 of 21 cases where MYNZ's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend 86%. Following a +3.37% 3-day Advance, the price is estimated to grow further. Considering data from situations where MYNZ advanced for three days, in 50 of 59 cases, the price rose further within the following month. The odds of a continued upward trend 85%. I’ll follow up later with more information, but I hope this is a great start in helping you get up to speed on what MYNZ is all about. I sincerely think that this is an incredible story with huge potential ahead. If MYNZ is successful in their plans, this is a monster of an opportunity. At the current low valuation levels, I think this is definitely an idea that you need to check out right now! Of course, every company has its own set of unique risks that come along with the potential for gains. It’s important that you understand the good and bad, so get started by [visiting their website]( and do your own research. I think once you spend some time looking into this more, you will feel the same way I do! To Your Success, *Please see disclosures below Sources: - [( - [( - [( - [( - [( - [( - [( - [( - [( - [ - [ [Image] [Facebook]( [Twitter]( [Instagram]( [LinkedIn]( RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 [Manage your email subscriptions.](   © Copyright 2022, RagingBull  DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at [(. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any RagingBull Service offered is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation, or be relied upon as personalized investment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision. 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