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CDNA Forecast

Bullish Case: Successful integration of MediGo, coupled with improved Medicare coverage, is likely to enhance revenue, potentially driving CDNA above recent highs. Recent closure of investigations by the DOJ boosts investor confidence.

Bearish Case: Lingering concerns over prior legal issues and fluctuating Medicare reimbursements may constrain stock growth, with high implied volatility suggesting a continued risk of price declines. Recent price stagnation reinforces caution.

Potential Outcomes: 40% chance revenue boost via MediGo integration and increased testing.
30% risk of further legal setbacks impacting share price negatively.
20% chance of ineffective new Medicare policies constraining revenue growth.
10% potential for external market conditions causing sharp declines.

Trading Oracle: Consider implementing a bearish credit spread with January 2025 25.00/30.00 Puts to capitalize on high implied volatility and downtrend potential. Alternatively, if bullish outlook strengthens, a debit spread with 25.00/30.00 Calls may yield profitable exposure. Focus on short to medium term.

December 01, 2024

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Correlated Assets

Assets that tend to move strongly with CDNA

HRB H&R Block (0.93)

EIX Edison International (0.91)

FE Firstenergy (0.9)

EXR Extra Space Storage (0.89)

BTI British American Tobacco (0.88)

Uncorrelated Assets

Assets with little price relationship to CDNA

MU Micron Technology (-0.0)

LUV Southwest Airlines (0.0)

ACN Accenture (-0.0)

YCL ProShares Ultra Yen (-0.01)

MP MP Materials (-0.01)

Anticorrelated Assets

Assets that tend to move strongly against CDNA

AMR Alta Mesa Resources (-0.85)

LABD Direxion Daily S&P Biotech Bear 3X Shares (-0.85)

CLF Cleveland-Cliffs (-0.85)

WBA Walgreens Boots Alliance (-0.86)

ZI ZoomInfo (-0.89)

CDNA News over Time

Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.

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