Screening Biotech Momentum

March 7th, 2014
in contributors

Look At This Stock – NASDAQ:SNSS

by Jeff Pierce, Zentrader

It seem like everyday this stock shows up on my screeners so I'm not going to deny it the moment in the spotlight it deserves any longer. We are definitely in a major bull market in pharma stocks as they always make up a big portion of my scan results. The key is which one to buy? They have big potential returns but also big risks, so the best answer I can give is spread your money around in this sector.

Follow up:

While SNSS is clearly overbought going from $3.83 - 7.20, this will be worth looking at after it has a pullback to the $5.50-6.00 level. If this stock was on my radar that is where I would be looking to pick up some shares.

2 yr weekly chart


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