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Friday, March 16, 2012

Stock Tips: Salix Pharmaceuticals Inc.

On Thursday, the market continued to rise. The DJ-30 grew by 0.44%, the SP-500 increased by 0.60% and the Nasdaq Comp. did it in 0.51%. The volume remained at the levels of the last days and the volatility was very low. However, our Stock Picks System found a very high number of stocks that not only grew yesterday. Also showed good price patterns, reached a new high or did a breakout. This is the case of Salix Pharmaceuticals Inc. (SLXP).


Yesterday, this stock closed at US$ 51.97, representing an increase of 1.92% on the previous day. Its volume was 1.19 Millions of shares, a level close to what is traded daily. Salix has a market Cap. of US$ 3.09 Billions, a P/E of 37.58 and EPS of 1.38. This company has 59.43 Millions of shares, of which almost all is owned by institutional investors.


This stock made a major breakout, which can be seen in the following chart. Salix has break a base of prices built since late 2010. A pattern of prices over a year is big enough to push up the stock significantly.



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