Skip to main content

Selling Shares on Strength

This name is trading higher for a seventh straight session, so we are booking some gains and lowering our rating to a Three.
  • Author:
  • Publish date:
Comments

-- Selling 150 shares of NPS Pharmaceuticals (NPSP) .

With the shares currently changing hands around $12.25, model portfolio holding NPS Pharmaceuticals (NPSP) is trading higher for a seventh straight session.

After you receive this Alert, we will use this strength to sell 150 shares. This trade leaves us with 300 shares of the company, which account for 2.4% of the model portfolio. We are also lowering our rating on NPS to a Three.

At current levels, the stock is trading nearly a dollar higher than where we booked some profits on Tuesday and it is up some 22% on its current seven-day winning streak.

Even though we have been taking some profits off the table this week, we maintain that the shares could see the mid-teens by the end of the year.

*****************************************************

Introducing the all-new iPad app from TheStreet: Get fullcoverage of the markets and financial world, streaming HDvideo, and powerful technical analysis -- anytime, anywhere.Includes sophisticated charting and portfolio tracking toolsdelivered ultrafast in a sleek new interface. DownloadTheStreet iPad app now -- it's FREE!

http://itunes.apple.com/us/app/thestreet/id409122247?mt=8

*****************************************************

Visit TheStreet Stocks Under $10 site (available tosubscribers ONLY) by clicking here: http://www.thestreet.com/k/su/index.html

To view TheStreet Stocks Under $10 portfolio on the Web, click here: http://www.thestreet.com/k/su/portfolio.html

For customer service on your account please visit: https://secure2.thestreet.com/cap/selfserve/

To view our Terms of Use click here:http://www.thestreet.com/static/about/terms-of-use.html

-----------------------------------------------------------

(c) 2013 TheStreet, Inc., 14 Wall Street, 15th Floor,New York, NY 10005, Attention: Customer Service Department