May 12, 2021, 11:19 am EDT
COVID-19 test in 10 minutes from over-the-counter (QDEL)
US FDA approves emergency use for COVID-19 test kits for Quidel Corp (QDEL) so the over-the-counter solution for testing on COVID-19 becomes reality. It is a major milestone to fight with COVID-19 both in the US and the whole world. Even though vaccines are rapidly manufactured and applied in the US, India and Brazil suffer badly recently because of a lack of medical supply and equipment.
QDEL has triple digits sales growth in the most recent earnings report. Its stock price is able to find a bottom and began to turn around. The entry point is around 119 and the sell-stop is 105.