Sunday, June 16, 2013

Trade Idea for 6/17/13

Delcath Systems, Inc. (DCTH)

Looking at the chart, it broke above previous resistance above .50 after numerous attempts.
Looks like it wants to fill the gap to .75 as a short term fill. 8.3% of the float is short, as the float is only 89million shares. With pressure building and the break above .50 this could fill quickly. A quick Fundamental glance looks pretty healthy, although its going threw some litigation right now with rumors of buy out floating around. Key Statistics Recent Headlines

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