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EXEL - Exelixis: The 'Rinse Wash And Repeat' Trade
Exelixis Inc.
Today, we revisit the mid-cap oncology name Exelixis after the company just posted better than expected quarterly results.
The company continues to grow its blockbuster franchise CABOMETYX and has a huge cash hoard, yet the stock has been stuck in a long-term trading range.
We update the investment thesis on Exelixis and offer up a trading strategy that has worked well on this name for years in the paragraphs below.