This Stock Has a Great DMA

Written by GSCR Staff   
Wednesday, 22 January 2014 09:18

One sector that was great for us and the small cap investor in 2013 was biotechnology.  We had some huge winners including LCI (+490%), TSRX (+111%) and MGCD (+95%) among others.  There is no reason to believe even that even Obamacare should derail this momentum for the right stock for 2014.  In addition, looking for a stock that had somewhat a disappointing 2013 could offer nice returns this year per the Goldman Guide New Year’s addition.

TG Therapeutics (NASDAQ – TGTX - $5.10) is a development stage biopharmaceutical that has some innovative products in its pipeline geared primarily toward the treatment of cancer. 

The Company is developing two advanced therapies targeting hematological malignancies. The TGTX-1101 (ublituximab) is a novel, third generation monoclonal antibody that targets a specific and unique epitope on the CD20 antigen found on mature B-lymphocytes, or antibody agents, which is in clinical development for patients with relapsed and refractory non-Hodgkin's lymphoma. The TGR-1202 is an orally available PI3K delta inhibitor believed to be important in the proliferation and survival of B-lymphocytes.

TGTX is very bullish in the short, intermediate, and long term Daily Moving Average.  The stock spent most of the year over the $6.00 level in 2013 before dropping to $3.17 a week before Thanksgiving.  Since then the stock has shot up over 60% with an average of over 200,000 shares traded per day on this latest accumulation run.

The Company’s products are continuing clinical trials in 2014.  Look for good news and updates to give the stock a boost.  Look for price target of $6.75 in 2Q14 for TGTX.

 

Have a great day!

Disclosure: Goldman Small Cap Research analysts are neither long nor short these shares but may elect to purchase the stock within the next 48 hours.

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