These Stocks Might Be Good Swing Trades
By Scott Matusow:Here are some good swing trade buys to consider this week. I will give my reasons for trading each one in summary; Biosante (BPAX); Might be good for a pop up to 1 dollar.
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It is unlikely Biosante will ever see its former pps for several reasons which I will not get into with this write up. The chart shows a new upwards trend line developing from a very oversold condition. Shorts are covering and traders are getting into position to sell on the likely FDA approval of Biosante's T-Gel, expected on Feb.14th. In order to take advantage of this catalyst, consider trading in and out of Biosante up to the approval date. Biosante will likely sell off back to $0.50 cents on the news of approval. This run up presents a good opportunity for longs who are in a good amount of pain to double downComplete Story »