CNTA - Centessa Pharmaceuticals snaps multi-day losing streak; up 10%

• For the first time since Oct. 13, Centessa Pharmaceuticals ( NASDAQ: CNTA ) is showing gains.
• In Thursday afternoon trading, the biotech is up 10% .
• There is no news or other catalysts that might explain the jump.
• However, based on a technical analysis, Centessa ( CNTA ) deviated two standard deviations lower from its mean touching its lower Bolinger Band level and has snapped up higher, back to its mean level.
• From market close Oct. 13 through market close Oct. 19, shares fell ~15% .
• Seeking Alpha views Centessa ( CNTA ) as a hold with high marks for valuation and growth .

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