Another incredible trading week comes to an end, for forex last week both our GBPJPY and GBPUSD plays captured easy steady gains and we are continuing both plays once again. CRBP is up 15% since we alerted, ULBI up 12% and MBII stayed relatively unchanged however bounced up over 5% totaling over 40% gains in just 5 trading days last week. We have also updated and refreshed our stock picks page, feel free to check it out here.
Forex Play
LONG GBPJPY at 160.5
LONG GBPUSD at 1.46
Stock Picks This Week
ALIM (Alimera Sciences) This valuable pharmaceutical company working on development and commercialization of treatment for a diabetes related disease DME. They boast 85% institutional ownership, with a promising pipeline and great technical accumulation last month pushing share price up from 1.70 to 2.60 then back down to 1.55. Total revenue is increasing and price to sales is very low and we see great steady price appreciation here.
Buy under $1.55
PRPH (ProPhase Labs) Another pharmaceutical company focused on a wide variety of medicines, having a volume anomaly on May 24th with big buys and a strong 3 month positive trend we see significant upside here with the price to book value ratio so low.
Buy under $1.45
NVET (Nexvet Biopharma) a clinical stage bio-pharma focused on developing and researching effective treatment options for pets, with positive study data released and strong support at the 2.80 levels, we recommend a tight stop loss as we follow momentum play.
Buy under $3.00
Cryptocurrencies
Bitcoin (BTC) has had an incredible rally and is nearing 2014 highs, popping from $450 a month ago to $543 today, this means it's a great time to buy cryptocurrencies as more and more eyes fall on this upcoming industry.
In addition our short play on STR last week is going excellent and we are continuing this play over the coming month.
For more cryptos click here.
For more cryptos click here.
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