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CATB: A Breakout Could Spark A Trend Reversal

By António CostaStock MarketsDec 19, 2016 01:35AM ET
www.investing.com/analysis/a-breakout-could-spark-a-trend-reversal-200170095
CATB: A Breakout Could Spark A Trend Reversal
By António Costa   |  Dec 19, 2016 01:35AM ET
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Catabasis Pharmaceuticals Inc (NASDAQ:CATB) appears to have started another rally Friday, closing the trading session up 8% at 2.62 on big volume, which suggests a buying signal. We may be once again at the beginning of a Big breakout for a stock that has proven to explode when momentum plays a part. A break of $3.76 with force might give stock room to $5. On the technical side, MACD gave a buy signal and RSI has been ticking higher. The positive CMF is also a good bullish signal for the short-term. In the start of this month, Wedbush Reiterated an Outperform rating on the stock and set a $15.00 price target. This stock should be on your watchlist.

CATB Daily Chart
CATB Daily Chart

CATB: A Breakout Could Spark A Trend Reversal
 
CATB: A Breakout Could Spark A Trend Reversal

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Disclaimer: This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don\\\'t consider buying or selling any stock without conducting your own due diligence.
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