I typically like to stay away from stocks under $10, but the setup on Optimer Pharmaceuticals (OPTR) looks prime for the picking.
It is a pretty simple read. Just follow the upward trend as clarified by the red line. Buy target is highlighted in green. This stocks tends to move pretty slowly, so don’t get impatient. Wait for the proper setup before taking any action.
Buy Target is above $8.30. Price Target is $9.50.
INO - Check out a free trend analysis for Optimer Pharmaceuticals
More on this topic
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Optimer Pharmaceuticals Appoints New chairman; Sees Q1 Revenues $16.45M vs $29.44M Est
(Phil’s Stock World, 4/9/12)
(OPTR) Optimer Pharmaceuticals Moved Down to Neutral
(Stock Blog Hub, 12/14/11)
(OPTR) Optimer Pharmaceuticals Dificlir Cleared in European Union
(Stock Blog Hub, 12/15/11)