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Benzinga
160 days

Sanofi Stock Forms Golden Cross As Dupixent Eyes FDA Green Light: Can The Bullish Run Continue?

1. SNY has formed a Golden Cross, indicating bullish momentum. 2. The stock is up 21.89% year-to-date, showing strong gains. 3. Dupixent's Phase 2/3 trial results enhance its market potential. 4. FDA priority review for Dupixent could yield results by 2025. 5. Momentum traders are driving interest in SNY's recent performance.

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FAQ

Why Bullish?

SNY's formation of a Golden Cross and strong Dupixent results historically correlate with upward trends. Previous Golden Cross formations often led to significant price increases.

How important is it?

The article highlights critical developments regarding Dupixent, which could significantly impact SNY's future earnings and market capitalization.

Why Long Term?

The upcoming FDA decision in mid-2025 could critically influence SNY's valuation and market position, exemplified by previous successful drug approvals leading to sustained stock growth.

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