Stock Signal Alert

I am buying this

Stock: Viking Therapeutics, Inc. (VKTX)

Entry: $28.91

Target: $31.53

VKTX is a clinical-stage biotech company developing treatments for metabolic and endocrine disorders. Its leading drug candidates target diseases like obesity, liver disorders, and muscle loss.

VKTX is trading near the upper part of a recent consolidation range, with $24.43 acting as strong support. The price is holding above the 20-day SMA and showing signs of bullish continuation. A clean breakout could push the price toward the $31.53 target, which aligns with the next horizontal resistance. However, the stock has strong overhead resistance at $34.08.

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