Long Position on GRFS @ $44.40 on 6/23/2014 (Momentum)

Bullish Flag on GRFSGrifols, S.A. (GRFS) is  a specialty biopharmaceutical company.

The firm develops, manufactures, and distributes a range of plasma derivative products primarily in the European Union, Spain, the United States, Canada, and internationally.

It specializes in providing infusion solutions, nutrition products, medical devices, and diagnostic instrumentation and reagents for use in hospitals and clinics. The company operates through four divisions: Bioscience, Diagnostic, Hospital, and Raw Materials and Others. The Bioscience division manufactures and sells plasma derivatives for therapeutic use, such as the reception, analysis, quarantine, classification, fractionation, and purification of plasma; and sells and distributes end products. This division offers plasma products, such as IVIG, Factor VIII, A1PI, and albumin; and intramuscular immunoglobulins, ATIII, Factor IX, and plasma thromboplastin components.

The Diagnostic division focuses on researching, developing, manufacturing, and marketing in vitro diagnostics products comprising analytical instruments and reagents for diagnostics, as well as blood bank products. This division primarily serves blood donation centers, clinical analysis laboratories, and hospital immunohematology services. The Hospital division manufactures and installs products used by and in hospitals, including parenteral solutions, and enteral and parenteral nutritional fluids. The Raw Materials and Others division is involved in the sale of intermediate pastes and plasma products, as well as provision of engineering services to external companies.

The company’s products and services are used by healthcare providers to diagnose and treat patients with hemophilia, immune deficiencies, infectious diseases, and a range of other medical conditions.

Shares have formed a bullish "flag" following its quarterly results. Higher share prices are expected for this stock.

52-Week Trading Range: $25.13 - $46.66 

Entry Point:$44.40

Stop Loss: $42.18

Target Price: $48.84

Updates

7/8/2014 9:33:03 AM

GRFS fell below our stop loss. Closed at $41.42

Position closed on 7/8/2014 at price of $41.42 with a -6.71% loss in 15 days.

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