ZSPH ZS Pharma – Bullish Chart Trading Idea With No Overhead Resistance

by Olivier on September 12, 2014

Quick post with a nice clean chart that looks very bullish as there is no overhead resistance and the stock is trading above the moving average 20 indicating good momentum. ZSPH – ZS Pharma is a recent IPO so I only initiated a small position. As long as the stock doesn’t put in 2-3 consecutive closes below its MA 20 nobody knows how high momentum can continue to propel this stock higher. With so-called ‘Blue Sky Potential’ stocks anything can happen as the famous market adage ‘Surprise moves in uptrends tend to be to the upside’ applies.

Click on chart to enlarge:

ZSPH – ZS Pharma company description from Yahoo finance:

ZS Pharma, Inc., a development stage biopharmaceutical company, focuses on the development and commercialization of non-absorbed drugs to treat renal, cardiovascular, liver, and metabolic diseases. The company’s proprietary zirconium silicate technology creates ion traps that could reduce toxic levels of specific electrolytes without disturbing the balance of other electrolytes. It is developing ZS-9, insoluble non-absorbed zirconium silicate that is in Phase III development for the treatment of hyperkalemia. The company was founded in 2008 and is headquartered in Coppell, Texas.

The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading… I know this will sound like a cliche, but the single most important reason that people lose money in the financial markets is that they don’t cut their losses short. – Victor ‘Trader Vic’ Sperandeo

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