Radient Pharmaceuticals Corporation (AMEX:RPC) jumped sharply higher today after Wall Street took a closer look at the press releases they put out yesterday and a major technical gap fill level. The stock has fallen from $2.59 to a low yesterday of $0.43. Months ago it had been featured as a Hidden Gem at InTheMoneyStocks. After that feature, it ran from $0.20 to $2.59. After slowly falling back lower in the last few months, RPC filed an extension for its second quarter 2010 financial results yesterday. While this was not the greatest of news, traders ignored another press release from the company that said they planned on reaching profitability by their fourth quarter of 2010.
Today it appears Wall Street is paying a little closer attention to what the company said and the technical level achieved yesterday. Of course, as of yesterday, members of InTheMoneyStocks were alerted to buy RPC at $0.46. Profits galore! The stock has jumped to a high of $0.59. For more analysis, guidance and swing trades, join the Research Center.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
