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4-Traders Homepage  >  Equities  >  Nasdaq  >  Santarus, Inc.    

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Continuation of the bullish trend

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07/15/2013 | 03:26pm

Santarus is trading in a bullish trend and several arguments are in favor of the continuation of this trend.

The economic and financial situation of the company is still strong. Analysts from Thomson Reuters consensus have revised largely upward their EPS and revenue estimates.

From a technical viewpoint, the security is trading in a bullish trend in the short and the long term. Increasing moving averages let think there will be no reversal in the coming trading sessions. This growth should help to cross the bullish trend line, around USD 29.

Therefore, taking into account the strong fundamentals and technical patterns, it seems opportune to take a long position above the bullish trend line. The first target price is the USD 31.5 resistance. A breakout of this level will be a new bullish signal for higher target price. A stop loss will be placed under the entry point, threshold that would invalidate this trading strategy.

Sandra Pinturault
© Zonebourse.com 2013
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Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

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