Valued at $1.94 billion, UroGen Pharma (URGN) is a clinical-stage biopharmaceutical company. It focuses on developing urological pathologies with a focus on uro-oncology.
I found today’s Chart of the Day by using Barchart’s powerful screening functions to sort for stocks with the highest technical buy signals; superior current momentum in both strength and direction, Weighted Alpha above 50+ and a 60-Month Beta over 1.5. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. URGN checks those boxes. The Trend Seeker issued a new “Buy” signal on April 10. Since then, the stock has gained 85.54%.
Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.
UroGen Pharma scored an all-time high of $41.36 on July 16.
The company has had increases in revenue for the last 5 years but still hasn’t broken even. Analysts are predicting increases in both revenue and earnings this year and the next. However, short sellers are betting against the company.
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance.