🚨 Trade Update: THC — First Price Target Hit ✅

We recommended Tenet Healthcare Corporation (NYSE: THC) on July 28, 2026, at a buy level of $248.10, with price targets of $270.00 (PT1) and $285.00 (PT2) and a stop-loss at $236.00 on a closing basis.

PT1 has been achieved — the stock closed at $270.21, comfortably above our $270.00 target, after hitting an intraday high of $271.92 — delivering a gain of approximately 9% from the entry level in about three weeks. PT2 at $285.00 remains in play.

How to manage the position from here: Traders looking to de-risk may consider booking partial profits at current levels. Those with a higher risk appetite can continue holding with a trailing stop at $248.10 (our entry level), making the trade effectively risk-free while leaving room for the move toward PT2.

Bottom line: PT1 hit in about three weeks for a potential ~9% gain — book partial profits or raise your stop to breakeven and let it run toward PT2 at $285.00. And now, on to today’s featured setup…

Kura Oncology, Inc. (NASDAQ: KURA) just broke out to a 52-week high and looks headed even higher.

As we’ll get to just ahead, the combination of a breakout commercial launch of its first approved cancer drug, a rare, million-dollar open-market share purchase by the company’s CEO, and a fresh technical breakout makes KURA one of the more interesting setups on the board. Here’s what’s going on…

The Themes Behind the Move

Kura Oncology is a U.S.-based oncology company that develops and commercializes precision medicines for cancer. Its first commercial product, KOMZIFTI (ziftomenib), is an oral pill approved by the FDA in November 2025 for a specific form of aggressive blood cancer — relapsed or refractory acute myeloid leukemia (AML) driven by a particular genetic mutation. Behind it sits a broader pipeline including darlifarnib, a solid-tumor candidate being studied in pancreatic, lung, and kidney cancers, plus a next-generation follow-on drug (KO-7246) advancing toward early-stage trials.

In plain English, Kura just crossed the single hardest threshold in biotech — moving from a research-stage company burning cash to a commercial-stage company actually selling an FDA-approved drug and generating real product revenue. From here, the story is about how fast KOMZIFTI gets adopted by oncologists, how the pipeline data reads over the next 12–18 months, and how well the company manages its cash runway through pivotal Phase 3 trials.

KURA’s latest move reflects a powerful confluence of developments — commercial, clinical, and insider-driven — that have come together in rapid succession to fundamentally reframe the company’s near-term growth trajectory.

Theme / Catalyst What Happened Why Traders Care
Blowout Q2 earnings + KOMZIFTI launch success On August 12, 2026, KURA reported Q2 results, posting a smaller-than-expected adjusted loss of -$0.77 per share (beating consensus of -$0.88). Newly launched KOMZIFTI generated $9.1 million in net product revenue in just its second full commercial quarter — a 57% quarter-over-quarter increase — with ~115 new patient starts (up 35%) and more than 250 total prescriptions (up 59%). The drug captured a majority share of new patient starts in the relapsed/refractory NPM1-mutant AML menin inhibitor class. A 57% sequential revenue jump in a drug’s second full commercial quarter is an exceptionally strong ramp — and grabbing majority share in the target subclass this quickly validates the launch. That’s the difference between a speculative biotech and a company with a real, accelerating product revenue stream.
Pipeline momentum — frontline AML + solid tumor data At the EHA 2026 conference, Kura presented long-term frontline AML data for ziftomenib combined with 7+3 intensive chemotherapy, showing composite complete response (CRc) rates of 96% (NPM1) and 90% (KMT2A), plus 12-month overall survival of 94%/71%. At ASCO and KCRS 2026, its solid-tumor drug darlifarnib delivered a 67% Objective Response Rate in pancreatic cancer and 50% in non-small cell lung cancer, plus a 44% ORR and 94% disease control rate in kidney cancer combinations. These readouts transform KURA from a single-drug story into a platform story. Frontline AML expansion could open a ~$7B TAM — several times larger than the current relapsed/refractory market. Darlifarnib’s early solid-tumor data adds a whole second growth vector that biotech investors reward heavily.
Precision oncology sector tailwinds Precision oncology tailwinds continue, particularly for genetically defined AML (NPM1/KMT2A) and combination approaches in solid tumors. Menin inhibitors as a class are gaining traction as a new standard in AML subsets, with expanding combinations across venetoclax/azacitidine, FLT3 inhibitors, and intensive chemotherapy. Broader institutional interest in oral targeted agents and biomarker-driven therapies continues to support the theme. KURA is the pure-play leader in one of the hottest emerging oncology subsectors. When sector capital rotates toward menin inhibitors and precision oncology names, KURA is a natural first stop — a dynamic that tends to amplify moves during breakouts.
Fortified balance sheet Q2 2026 total revenue of $20.9 million ($9.1M product + $11.8M Kyowa Kirin collaboration). Cash, equivalents, and investments of $519 million as of June 30, 2026, plus ~$180 million in anticipated Kyowa collaboration payments — funding the ziftomenib AML program through first Phase 3 topline results in 2028. Collaboration revenue guidance: $45–55M in 2026, $90–110M in 2027 and 2028. A combined ~$700 million in effective capital removes the dilution overhang that typically weighs on emerging commercial biotechs. That’s real runway to hit multiple inflection points without needing to tap the equity market on unfavorable terms.
Analyst coverage Among the 13 analysts covering KURA, the average twelve-month price target sits at $25.62, with a high of $40.00 and a low of $15.00 — implying roughly 108% upside from current levels on the average, and much more at the top end. Recent post-Q2 actions are constructive: BofA raised its target to $31 from $30 (Buy), Wedbush raised to $38 from $36 (Outperform), and H.C. Wainwright reiterated Buy at $40. An average target implying 100%+ upside is unusually large and signals a coverage universe that broadly believes the stock is meaningfully mispriced. Multiple Buy/Outperform target raises into the Q2 print show conviction is building on the sell-side, not fading.
Market conviction signal — CEO open-market buy On August 17, 2026, CEO Troy Wilson purchased 100,000 shares at a weighted average price of ~$11.12 — a total investment of roughly $1.11 million via open-market buys, just days before the technical breakout. A million-dollar open-market buy from a sitting CEO is one of the rarest and highest-conviction signals in equity markets. Insiders sell for many reasons — taxes, diversification, planned schedules — but they buy for one: they believe the stock is going higher.
Upcoming triggers Multiple 2H 2026 data readouts are expected — updated long-term KOMET-007 (ziftomenib + venetoclax/azacitidine in newly diagnosed intensive-ineligible NPM1-mutant AML), initial KOMET-007 (ziftomenib + 7+3 + quizartinib), and initial KOMET-008 (ziftomenib + gilteritinib). Q3 2026 earnings on approximately November 3, 2026. Darlifarnib FIT-001 Phase 1b enrollment completion targeted for 1H 2027 with data in 2H 2027. Pivotal Phase 3 KOMET-017 topline data expected in 2028. A staggered set of high-conviction catalysts — clinical readouts, earnings, and pivotal Phase 3 topline data — each individually capable of moving the stock through the back half of 2026 and into 2028.

If needed, swipe or scroll sideways to view the full table.

Put it all together, and KURA is looking less like a speculative clinical-stage biotech leaning on pipeline optionality and more like a commercially executing oncology franchise with an FDA-approved drug already grabbing majority market share, a fortified balance sheet, a rare CEO buy signal, and a staggered wall of clinical catalysts stretching through 2028.

The story is getting stronger, but the chart is what could determine whether this move has more room to run in the near term. Here are the bullish technical signals traders should be watching now.

Bullish Technical Signals

#1 Ascending Triangle Pattern Breakout: KURA has broken out of a well-defined ascending triangle on the daily chart — a pattern carved over roughly six months, defined by a flat ceiling near $12.20 and a rising demand line stretching back to the February low near $7.50. That geometry tells a specific story: buyers were willing to pay progressively higher prices on every pullback while sellers defended a fixed level overhead. Ceilings under that kind of persistent pressure rarely hold, and when they give way, the trapped supply above flips from resistance to fuel. The breakout candle closed up 9.31% on the day, punched clean through the triangle roof, and — critically — did so on a decisive volume expansion (4.09M, well above the surrounding profile). That volume confirmation is what separates a genuine range resolution from a false probe. The old triangle top (~$12.20) now flips from resistance to support on any retest.

KURA stock daily chart showing ascending triangle breakout

KURA – Daily Chart

#2 Price Above 50-day and 200-day SMAs: KURA is trading at $12.33 — comfortably above both its 50-day SMA ($10.27) and 200-day SMA ($9.65), with the 50-day stacked above the 200-day in the textbook “golden cross” alignment that confirms momentum points up across both short- and long-term horizons. Both averages are sloped positively and now define a tiered support shelf that buyers can lean on if the breakout is retested. One caveat worth stating plainly: today’s 9%+ gap-and-go leaves price sitting roughly 20% above the 50-day, so the stock is meaningfully extended in the very near term. That doesn’t invalidate the setup — it just argues that a pullback toward the $10.27–$10.50 zone would be the higher-quality entry than chasing the spike. The buy trigger at $12.70 (a fresh close above the triangle roof) is designed to filter for follow-through rather than reflex.

#3 Bullish ADX and DI: The directional structure is aligning bullishly on all three lines, and the specific configuration matters. The +DI sits at 41.94 — an unusually elevated reading — while the –DI has collapsed to 11.82, a spread of roughly 30 points that leaves no ambiguity about who controls the tape. More importantly, the ADX line itself (24.76) has turned up from below the –DI and is now climbing between the two DI lines, advancing toward the +DI. Because ADX measures trend strength independent of direction, an upturn from a suppressed base is where trends do their most productive work — the reading is still under the conventional 25 threshold, meaning the trend is only just being recognized by momentum-followers, not exhausted by them. Stacked against the triangle breakout, this is a rising ADX in the presence of dominant +DI — one of the more reliable early-innings signals in the toolkit.

#4 Bullish MACD: On the daily chart, the MACD line has crossed above its signal line and the histogram has flipped positive, confirming a fresh bullish crossover. What gives this signal its weight is the timing and the location. The crossover is firing in the same window as the triangle breakout — indicator and price structure are corroborating each other rather than diverging — and both lines are curling higher from just below the zero line. Crossovers originating near zero, as this one does, tend to carry more weight than those firing deep in overbought territory, because they mark momentum turning at the start of a move rather than at its exhaustion point. The expanding histogram tells us the spread between short- and long-term momentum is actively widening — the signature of trend acceleration in its early stages.

#5 Above Support Area with Price Above 50-Week and 200-Week SMAs: Zooming out to the weekly chart materially reframes the setup. KURA has held the $9.91 support zone (pink dotted line) — a level that has caught pullbacks repeatedly since early 2025, giving it real technical validity — and has now thrust up through both weekly moving averages in a single candle. Price ($12.33) is above the 50-week SMA ($9.66) and, more consequentially, has just cleared the 200-week SMA ($12.10) — a level that had capped rallies since the 2024 breakdown and that institutional and trend-following capital often treats as the dividing line between bearish and bullish regimes. Reclaiming the 200-week SMA is not a routine technical event; it’s a structural inflection. Combined with the daily triangle breakout, both timeframes are pointing the same direction, which materially raises the odds this move has staying power rather than being a daily-chart head-fake.

KURA stock weekly chart showing 200-week SMA reclaim and support hold

KURA – Weekly Chart

#6 Bullish RSI: The weekly RSI reads 61.94 with its signal line at 55.32 — well above the 50 midline and trending higher, a two-part confirmation worth unpacking. Clearing 50 marks the point where buyers structurally take momentum away from sellers; the continued upward slope, with the RSI now sitting above its own signal line, tells us that momentum is expanding rather than stalling. Just as important, RSI is still comfortably below the 70 overbought threshold, meaning there’s meaningful runway before mean-reversion pressure kicks in. Weekly momentum crossing 50 with slope is characteristic of early-to-mid-stage uptrends, not late-cycle spikes.

#7 Bullish Stochastic: On the weekly stochastic, the %K line (88.44) sits well above the %D line (61.25) with both trending sharply higher — a decisive bullish crossover confirmed on a longer timeframe where signals carry far more weight than their daily counterparts. That said, the honest read here includes a nuance: %K at 88.44 is inside overbought territory. In a weak tape, that would argue for caution; in a fresh weekly breakout, it argues for something different — trends can and often do stay overbought for weeks once momentum ignites. The takeaway is not to fade the signal but to be selective about entry: chasing the stochastic spike is lower-quality than waiting for the first pullback that resets %K without breaking the underlying trend. The signal itself is bullish; the tactical implication is patience over urgency.

Risks to Consider

Even strong setups can fail, especially in a small-cap commercial-stage biotech like Kura Oncology. A few things could knock the stock off course:

  • A breakdown back below the ascending triangle support line on heavy volume would invalidate the breakout thesis
  • Negative company-specific news, broader market weakness, or any regulatory changes in the oncology sector would pressure the entire menin inhibitor and precision oncology group
  • Deep ongoing losses — Q2 2026 net loss of $68.3 million driven by commercialization and R&D spend, with profitability not expected in 2026
  • Potential future dilution risk if the cash runway becomes pressured before the ziftomenib program reaches Phase 3 topline in 2028
  • Single-asset reliance — the bulk of the company’s valuation currently hinges on KOMZIFTI’s market trajectory, though this is partially mitigated by prescriptions jumping ~60% sequentially to over 250 in Q2
  • Competition from other menin inhibitors — Syndax’s revumenib (Revuforj) is already FDA-approved and expanding into NPM1, and Johnson & Johnson’s bleximenib is advancing in the pipeline
  • Clinical and execution risk on Phase 3 KOMET-017 (frontline) and the growing slate of combination studies — biotech data can move stocks sharply in both directions
  • Valuation still reflects pipeline optionality more than near-term profitability, leaving limited margin of safety if commercial ramp slows or a data readout disappoints

The Bottom Line

KURA is breaking out of a six-month ascending triangle on the daily chart while reclaiming its 200-week SMA on the weekly — a dual-timeframe technical setup that historically signals the start of a sustained move higher.

The fundamental story underneath the chart is just as strong: a blowout Q2 launch with KOMZIFTI product revenue up 57% quarter-over-quarter and already commanding majority market share of new patient starts, a fortified balance sheet with over $700 million in effective capital funding operations through pivotal Phase 3 topline data in 2028, and a rare, million-dollar open-market share purchase from the CEO just days before the breakout.

Combine that with multiple clinical and commercial catalysts staggered through the back half of 2026 and into 2028 — updated frontline AML combination readouts, Q3 earnings in early November, initial KOMET-008 gilteritinib data, darlifarnib Phase 1b enrollment completion in 1H 2027, and pivotal Phase 3 KOMET-017 topline in 2028 — and KURA looks like one of the more compelling risk-reward setups on the board right now.

If this is a trade you want to get in on, here’s how we’d play it. Below you’ll find our exact entry level, both price targets that imply 34%–57% potential upside, and the stop-loss we’re using to manage the downside.

Recommended Trade Setup

Item Detail
Buy Level Above approximately $12.70
Price Target 1 $17.00 — Potential upside: 34%
Price Target 2 $20.00 — Potential upside: 57%
Timeframe Next 3–6 months
Stop-Loss $10.30 on a closing basis
Trade Invalidation Void if price hits stop-loss before entry triggers

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For a risk of approximately $2.40 per share, the target rewards are about $4.30 and $7.30 per share. That makes this roughly a 1:2 and 1:3 risk-reward trade. In other words, the setup offers nearly 2x to 3x more potential upside than downside.

Note on Trade Invalidation: This recommendation stays active as long as the technical structure holds. If KURA drops to or below the $10.30 stop-loss before the $12.70 entry triggers, the trade is automatically void — the support underpinning the thesis would have broken, and the risk-reward setup would no longer justify entry.

Happy Trading!
Tara and Greg

🥈 Almost Made the Cut

Today’s featured trade, Kura Oncology, Inc. (NASDAQ: KURA), was our top pick of several breakout candidates we evaluated. The following two stocks were strong candidates that made it to the final round — they came up just short of the top spot, but remain on our watchlist and could be featured soon:

Crescent Energy Company (NYSE: CRGY) — Crescent combines accelerating fundamentals with one of the cleanest technical setups in the energy group. Q2 revenue jumped 55% year over year, free cash flow topped $400 million, and management raised 2026 production guidance to 327,000–335,000 boe/d. The stock has also reclaimed its weekly value-area high with relatively little overhead resistance toward the $15–17 zone. With options implied volatility sitting at just the 6th percentile of its historical range, CRGY offers an unusually attractive combination of fundamental momentum, technical breakout potential, and inexpensive optionality.

ONEOK, Inc. (NYSE: OKE) — ONEOK offers the highest-quality and most defensive setup of the finalists, combining a second 2026 guidance increase, record NGL volumes, a 4.4% dividend yield, and a new AI-driven natural-gas infrastructure opportunity. Its weekly chart has also broken above a major value-area boundary while maintaining a bullish long-term trend. The main limitation is valuation and entry timing: with shares already near 52-week highs, the stock offers less immediate upside than KURA or CRGY. A pullback toward $92–95 would create a considerably more attractive entry.