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.
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