On Monday, Questcor Pharmaceuticals Inc. (AMEX: QSC) reported great earnings for their 3rd quarter of $14.8 million and that is compared with $4 million for the same period a year ago. This pushed the stock passed its 52-week high of $1.89 to close at $1.92 up 61 cents or over 46% on over 7.5 million shares traded for the day.
The Net Income that they reported for the quarter was 12 cents per share versus a loss of 3 cents per share for the same period a year ago. This is called growth.
It would not be a shock at all if Questcor Pharmaceuticals, in this volatile market, moves above the $2.40 range in short order. Investors should actually have this one in their sights.