2 Micro-Cap Pharma Stocks Worth Watching

In this week’s email to subscribers, independent trader and technical analyst Roberto Pedone commented on a few interesting small- and micro-cap stocks. Below is a look at two micro-cap biopharmaceutical stocks that he likes.

Anthera Pharmaceuticals

Anthera Pharmaceuticals Inc (NASDAQ: ANTH) is a Delaware-based biopharmaceutical company with a "nice looking ascending triangle chart setup" that looks ready to trigger over $5.10, to $5.25 and then beyond $5.33, Pedone said.

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As it can be seen, the stock is "making higher lows over the last three months and now it's bouncing off both its 50-day at $4.54 and its 20-day at $4.69."

The analyst assured he would only play this if gets really robust volume, "since it's tried to break out a few times recently and failed." Support looks solid around $4.60.

Rock Creek Pharmaceuticals

Rock Creek Pharmaceuticals Inc (NASDAQ: RCPI) is a $17.1 million market cap pharmaceutical company that, according to Pedone, has a chance of becoming the next Cleveland BioLabs, Inc. (NASDAQ: CBLI).

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"Chart and share structure gives it a chance, so be on high alert for this one if it gets volume and starts ripping," the analyst said.

"I'm not 100 percent sure if Yahoo Finance has the float right for $RCPI at 7.3 million, but nonetheless the chart is primed. Over $2.03 and then its 20-day at $2.17 could set it off, so look for massive volume like $CBLI had on Tuesday," he added, concluding that this is a thin name, and one should only take it if comfortable trading these.

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