Long Position on CBM @ $50.00 on 11/19/2015 (Momentum)

Cambrex Corporation (CBM) is a life sciences company.

The Company provides various products and services for the development and commercialization of new and generic therapeutics worldwide.

The company’s products comprise active pharmaceutical ingredients and pharmaceutical intermediates that are used in the production of prescription and over-the-counter drug products. It serves generic drug companies, and companies that discover and commercialize small molecule human therapeutics.

The company sells its products directly, as well as through independent agents. 

Shares have formed a bullish "cup and handle" following the company's earnings report. The company posted revenue of $91.7 million in the period and profit of $11.4 million for the same period. 

Higher share prices are expected for this stock.

52-Weeks Trading Range: $21.12 - $54.60

Entry Point: $50.00

Stop Loss: $47.50

Target Price: $55.00

Updates

11/30/2015 11:36:06 AM

CBM closed at $55.12.

Position closed on 11/30/2015 at price of $55.12 with a 10.24% gain in 11 days.

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