Can These Stocks Go Higher? Rockwell Medical Inc (RMTI) And Oncothyreon Inc (USA) (ONTY)
New York, NY – GDP INSIDER – 05/11/2014.
This article discusses two articles: Rockwell Medical Inc (NASDAQ:RMTI) and Oncothyreon Inc (USA) (NASDAQ:ONTY)
Rockwell Medical Inc (NASDAQ:RMTI) stock had a good day in Friday’s trading session. The shares were up to $10.56, a 12.6% increase over the prior day’s closing price. The increase came after the company reported a loss following trading on Thursday. The Wixom, Michigan based company reported a loss of $3.7 million or $0.07 per share. Analysts expected an EPS loss of $0.10 and revenue of $13.4 million. The company also beat the sales expectation by $500,000. The stock has moved around a lot over the past year and is down by 11% over that time period. After the increase on Friday, the stock moved past its exponential and simple moving averages and could make a sustained upward move. With the MFI of 35 and RSI of 55, we do not see any technical reason the shares should give back Friday’s gains in trading next week.
Oncothyreon Inc (USA) (NASDAQ:ONTY) had a huge day on Friday increasing in value by 20% to $1.75 per share. The big jump came after the company filed a 10-K on Thursday. Volume also was up in Friday’s trading session to 3.7 million shares from the 878k daily average. The stock is down over the past year and has traded in a range of $1.41 – $3.60. The move on Friday could mark a sustained move up from its previous lows. The stock could continue to move higher and test the $2.00 level over the next month. It is a clinical stage biopharma company that focuses on research and development of cancer treatments. It has products in various stages of the clinical trial process. If those pass trials and move to the next phases, the stock can go higher. With RSI of 60 and one year target price estimate of $3.25, the stock has plenty of upside potential, hold.
About Ultimate Stock Alerts
UltimateStockAlerts.com covers NASDAQ and NYSE listed companies that are overlooked by Wall Street. Investors can choose to receive trading strategies via text message (SMS) or email. To receive free text message alerts text the word ULTIMATE to 555888 from your cell phone. For more information visit www.UltimateStockAlerts.com
Disclosure: UltimateStockAlerts.com is not a registered investment adviser and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit www.UltimateStockAlerts.com website, for complete risks and disclosures.