US Stock In Play: $AVIR (Atea Pharmaceuticals Inc)

AVIR capped off the week’s market session with a considerable gain of +15.03%. This morning’s continuation all time high breakout have successfully negated the Bearish Shooting Star reversal candlestick pattern that was printed on 4th January 2021. The week’s rally also sums up an impressive cumulative gain of +77.36% since its IPO on 30th October 2020, just 10 weeks ago.

With daily volume of AVIR remaining insignificant over the past 2 weeks of market session, along with ATR-14D currently at $3, it is plausible to see AVIR trading beyond $53 in the upcoming week, to cross a $4 Billion USD market capitalization.