Long Position on SCMP @ $23.00 on 8/6/2015 (Momentum)

Sucampo Pharmaceuticals, Inc. (SCMP) is a biopharmaceutical company, focusing on the research and development of proprietary drugs in the Americas, Europe, and Asia.

It is developing prostones, which are ion channel activators, to treat gastrointestinal, ophthalmic, and oncology-based inflammatory disorders, as well as other therapeutic applications of drug technologies.

The company’s product pipeline includes AMITIZA for the treatment of chronic idiopathic constipation in adults; irritable bowel syndrome with constipation in adult women; opioid-induced constipation in patients with chronic non-cancer pain; chronic constipation; and pediatric functional constipation.

Its product pipeline also consists of Unoprostone Isopropyl, which is in Phase III trial for the treatment of retinitis pigmentosa and in pre-clinical stage for the treatment of geographic atrophy; and Cobiprostone that has completed Phase Ib trial for the treatment of oral mucositis, as well as in Phase II trial for the treatment of non-erosive reflux diseases. 

Shares are on the cusp of breaking out of a bullish "cup and handle" following the company's strong quarterly results. Higher share prices are expected for this stock.

52-Weeks Trading Range: $6.12 - $25.70

Entry Point: $23.00

Stop Loss: $21.85

Target Pirce: $25.30

Updates

8/13/2015 11:52:42 AM

SCMP closed at $25.40 after it reached our target.

Position closed on 8/13/2015 at price of $25.40 with a 10.43% gain in 7 days.

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