By Jeff Pierce
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 phrama 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.
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