Selling Shares on Strength
-- 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.
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