3SBio Inc (SSRX)

[surf1944]

3SBio Inc. (SSRX)

Most Chinese biotechnology stocks have been in a downward channel but not SSRX. This stock has been in an upward channel since last September, which means it moved more with the U.S. market rather than the Chinese pharmaceutical market over the past eight months. The stock saw strong volume come in all this week especially on Thursday in which SSRX almost reached a 52-week high. On Friday, Oppenheimer said the Chinese biotech/pharma space was a buying opportunity on recent weakness and outlined that buying should move first into the leader of the sector - that would be SSRX.

Click to enlarge

Price Target: $19.00

Support: $16.92

http://seekingalpha.com/article/265251-looking-ahead-to-the-trading-week-stocks-and-charts-to-watch?source=yahoo