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JimVanMeerten (56.35)

Exact Sciences -- buy signals



April 02, 2011 – Comments (0) | RELATED TICKERS: EXAS

This weekend I was screening for a stock to add to the Barchart Van Meerten Speculative portfolio.  This is a portfolio of stocks trading under $10 that are hitting frequent new highs.  I can across  Exact Sciences (EXAS).

Exact Sciences (EXAS) uses applied genomics to develop effective, patient-friendly screening technologies for use in the detection of cancer. Certain of its technologies have been licensed to Laboratory Corporation of America Holdings for a stool-based DNA screening assay for colorectal cancer in the average-risk population. Colorectal cancer, which is the most deadly cancer among non-smokers, is generally curable if detected early. Despite the availability of colorectal cancer screening and diagnostic tests for more than twenty years, the rate of early detection of colorectal cancer remains low, and deaths from colorectal cancer remain high. The company believes its genomics-based technologies would help to enable detection of colorectal cancer so that more people can be effectively treated.

Technical Factors:

1 - 88% Barchart technical buy signals

2 - Trend Spotter buy signals

3 - 16 new highs and up 37.74% in the last month

4 - Relative Strength Index 81.71% and rising

5 - Trades around 7.30 with a 50 day moving average of 5.80Add this one to your watch lists.

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