APEN...on the upgrade list...target of $12...Medical Equipment is a sector I like... I'd be happy if it went above $6...$8 would be a present...so find an entry point...NEWS got a big POP in price...now price has to re-build.
Nov. 28 from Market Watch Shares of Apollo Endosurgery Inc. APEN, -3.55% rocketed 28% in premarket trade Tuesday, after the medical device company said the Food and Drug Administration cleared its new flexibile endoscopic suturing system, OverStitch Sx. The company said late Monday that OverStitch Sx broadens endoscopic compatibility, when compared with its current version OverStitch, and is expected to provide optimal visualization and maneuverability. Apollo expects to introduce the Sx system in the U.S. and Europe in the first half of 2018. "The launch of OverStitch Sx will allow suturing technology to be available to nearly any physician with access to an endoscope," said Apollo's Chief Medical Officer Christopher Gostout. The stock had plummeted 67% year to date through Monday, while the S&P 500 SPX, -0.07% had rallied 16%.
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