Biotech Stock Could Turn 4-Year Peak Into Records

BridgeBio Pharma Inc (NASDAQ:BBIO) stock is up 3.3% to trade at $70.36 at last check, and earlier hit a fresh four-year high $70.60 on a bounce off its 20-day moving average. Though the security sports a 154.9% year-over-year lead, its recent rally may be far from over, as it's also flashing a historically bullish signal that could send it soaring to a new peak.More specifically, BridgeBio Pharma stock's recent peak comes amid low implied volatility (IV), per its Schaeffer's Volatility Index (SVI) of 44%, w ...