05-10-2009
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Moderator
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Join Date: May 2009
Location: Daytona Beach, FL / Vancouver, BC
Posts: 3
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AKRX - Akorn Inc (Pharmaceuticals)
Hot Pharmaceutical Stocks - Sunday May 10th, 2009
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| Ticker Symbol | Company | Current Price | Buy | Sell | | AKRX | Akorn Inc | $0.87 | $1.01 - $1.05 | $1.45 - $1.55 |
Shares out: 90.23 million. Akorn manufactures and markets diagnostic and therapeutic pharmaceuticals in specialty areas such as ophthalmology, rheumatology, anesthesia and antidotes, among others. In addition, it markets and distributes vaccines purchased from outside sources. This is a momentum trade only! DO NOT attempt to swing trade or long-term invest in this stock!
Trading Blueprints:
Momentum trade: Buy at the breakout of $1.01 with a stop at $0.72 = 29% loss. Sell at $1.45 = 44% gain. The volume needs to exceed one million for a successful breakout.
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Last edited by Shane Burke; 05-10-2009 at 04:19 PM.
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