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Trius Therapeutics, AŞ Message Board

  • brandonuk03 brandonuk03 Nov 8, 2012 6:37 PM Flag

    2 months from data release and TSRX is on sale

    I honestly though the 5.3x support level would hold, but in a "fiscal cliff" market, we have TSRX on sale IMO. Techically speaking the RSI indicates oversold at 26. MACD and stochastics show oversold levels. 52 week low is 4.76, which is not far from where we trade today and nothing has changed in the fundamentals except coming closer to getting more positive phase 3 data and more partnerships. Strongly feel that there is strong support in this range and feel we've found a bottom in this range. Look for Trius to rebound towards it's 200 day moving average at $5.44 and back towards the 50 day at 5.70. My price target is $6.50-7 ahead of phase 3 data in 2 months indicating a 30% upside to today's closing price.

    Sentiment: Strong Buy

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