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Jeremy Frommer, CEO of Hedge Fund LIVE Jeremy Frommer has 20 years of industry experience and is currently responsible for general management and leadership of the General Partner. Previously, Mr. Frommer was a Managing Director and Head of the Global Prime Services Group (“GPS”) at RBC... More
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  • Trade Alert: RPTP, Five Reasons to Stay Long  0 comments
    May 24, 2011 10:21 AM | about stocks: RPTP
     RPTP

    Raptor Pharmaceuticals (NASDAQ:RPTP) – A corporation that researches existing drugs to improve them through specialized drug targeting methods was up over 20% today after Lazard rated them a new “buy” and slapped a $16 price target on the stock.

    I think you have to watch this name over the next few days because of the five bullet points below.

    • New 52 week high today.
    • Closed on the highs.
    • Today’s volume was over 10x it’s 90 day average.
    • Lazard has a longer term price target of $16.
    • Short term targets of 5.71 and 6.99 using fib projections.

    As you can see there is still room to run on the upside and using today’s low as the stop I still like the reward to risk.

    Themes: Breakout, RPTP, technical, trade desk Stocks: RPTP
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