The uptrend line for ERES continues to look great. Barring a significant market correction, this turnaround looks promising. Of course, if the next earnings report is weak, the stock may drop back again. Any remarks concerning earnings going forward?
Earnings will have to look REALLY great. Even then, price might drift down. The best CRO (Contract Research Organization) I can find now is ENCO - a small but growiing competitor that provides the same services worldwide and seems to be where ERES was 5 years ago.
FBR raised the price target to 12 today. That might help to keep the positive momentum going. Still, a sustained move to double digits is going to take more than momentum, it's going to take earnings. Let's keep our fingers crossed that the turnaround is still nominally intact.