Enteromedics Inc (ETRM)

[overlordpeter]

ETRM fund this on my stock screener shares outstanding lowest 20% short interest lowest 20% and volume highest 20% I like when there is not a lot of shares and high trade volume. makes for some quick moves.
I would would be looking for the stock to move over .37 and then it could make a run at .51 testing the Bottom of the Ichimoku Cloud. I am not sure if this going to even do that looking over the charts. a move from .37 to .57 would be little over a 50% gain thats not bad and looking at the start of the reversal at about .25 on 07/06/2016 looks like if it went over .57 that would over 100% return.It worth looking into.

Traders should now look for long-biased trades in EnteroMedics as long as it's trending above some near-term support at 27 cents per share and then once it sustains a move or close above those breakout levels with volume that hits near or above 226,241 shares. If that breakout materializes soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at 40 to 45 cents, or even 50 cents to its 50-day moving average of 51 cents per share.