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Android, here is the link for the WSJ but you will probably not be able to access it unless you have an online subscription.
High is $20.00
Both the WSJ and Barrons are similar in ratings since they are related. Out of 5 analysts for each one, MELA currently has 2 overweight and 3 buy for a buy rating.
Capt, Android, and Bob I do have a subscription to the WSJ, and if below is what you are talking about (which I pasted), I give more weight to the Reuters group report I cited earlier. Below does not give any rationale for how the numbers were arrived at. It might just be a rehash of what others reported, on a combinded basis, like a Jaywalk Consensus report. At any rate, here it is:
Stock Price Targets
Current Price: $4.86
Personally, I would give more weight to the Needham group projections who is actively working with Dr. Gulfo, et al.
Android, couple of things. I have an online subscription to the WSJ, and there was an overweight given Mela by the Stephens group 11/16/11. But the link was not available, even when I Googled it with specific ID data.
However, Reuters (which is available at Fidelity) gave it a high price target of $20 within the next year. And it has a strong buy rating as well. Given that it wasn't reported in the WSJ doesn't mean this report is trivial.
However, what I did find in the Journal was a measure called the Stock Money Flow, a Uptick/Downtick Trade ratio; it was 1.76 on a scale from 0 to 2 for Mela. This money flow measure gives us a snapshot of relative buying and selling pressure on a stock. And a ratio above 1 suggests greater buying pressure.
I'm glad I was prompted to look for that link. Sam