Replies to post #660 on Tetraphase Pharmaceuticals, Inc. (TTPH)

[rusty8350]

I think tomorrow will be a telling day for TTPH. Breaking out of the resistance in the mid 9's and the definitive close at high of day today was a very strong move on the chart. Stock closed above all the recent moving averages, 5, 10, 20, 30, and is sitting right at the 40 day average. Often it takes some churning before a company can return to previous highs, but these biotechs most certainly do just that.

I'm still a believer that TTPH is going to return to the $40+ range within a year. The moving averages are catching up ..... stock is gearing up for a potential breakout. Company expects an update from the FDA by years end regarding the cUTI issue. They have many more drugs on the way, plenty of money in the bank, and are backed by the US government.