FBIO set an ATH and is bullish

tsx_trader Updated   
NASDAQ:FBIO   Fortress Biotech, Inc.
FBIO is an unbelievably attractive long term opportunity, that is trading well below the average analysts ratings.

"a biopharmaceutical company, develops and commercializes pharmaceutical and biotechnology products." Yahoo stocks

It has strong buy ratings across the board. I doubled my position in it today. Looking to sell a 1/3rd in the $9 mark, a 1/3rd in the 10-10.50 and keep a 1/3rd for very long.

I do see it going up quickly in the short term. Specially if market conditions are favorable. We could see this start to gain attention and hit one of my targets sooner than expected. But all in all. This is not the one I would sell at a loss. I would hold this even 3-4 years out and stick to my targets.


From a technical perspective

Clear bounce at 3.34 ish and is extremly attractive at thos prices.

Uptrend started March 30th. The MACD looks good, and today (friday) its out performing the market so far. Fridays are usually not great, so if it hold strong I am hoping it will do well next week and beyond.
I forgot to mention. Volume is insane compared to normal trading volume. I am excited for next week.

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