Stocks to Buy #2: Rosetta Genomics (ROSG)
ROSG stock caught fire Monday — a day after I recommended it to my clients — after Rosetta announced it had signed a service provider agreement with a major biopharmaceutical company (yet to be disclosed). That pushed ROSG stock above its 200-day moving average in a meaningful way for the first time since 2012.
Volume is pouring into ROSG as it pushes over its downtrend resistance line, and it looks ready to continue.
The catalyst seems to be the realization that the company’s microRNA cancer-finding screens are finally developing into a viable business model, with patient tissue samples flooding into its Philadelphia lab facility. In November, the number of samples received grew five-fold over the year before.