Friday, February 12, 2010

Sunesis Pharmaceuticals, Inc. (NASDAQ:SNSS)

Sunesis Pharmaceuticals, Inc. (NASDAQ:SNSS) - 1.025
Google Finance link
With average 10 day vol of 2.5 mil shares, sunesis is up almost 14% on vol of 4.6 mil. This stock has been rated 'buy' by Jeferries and with short squeeze has increased its volatility. This stock can attain total traded shares in the range of 14-15 mil +. Based on this alone there could be a decent 5-10% trading range. Because there is no company news and their technology has to go a long way still (phase 3 etc), there could be a pull back in the market. Hence, its a good candidate on your watch list.

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