San Diego, CA 10/8/2009 1:24:28 AM
FormFactor (FORM), United Therapeutics (UTHR) Positions Updated at Small Cap Network
Open trades on United Therapeutics Corp. (UTHR) and FormFactor Inc. (FORM) have been reviewed and discussed by chart analysts.
United Therapeutics Corp. (UTHR) and FormFactor Inc. (FORM), two of the Small Cap Network's suggested trades, have been reviewed and forecasted as part of the site's ongoing trade recommendation follow-up. Both positions will remain open for now, though for very different reasons.
FormFactor was suggested as a bearish (short) trade in mid-September, based on the expectation of a return to a key support level around $21.00. The move from $25.17 then to the current price of $21.47 from FORM represents a 15% gain for the site's readers. However, the pullback also means the stock is close to the initial objective.
United Therapeutics was suggested as a bearish (short) trade as well, in late September. At that time, the $45 level was posed as a potential support area, and UTHR shares have indeed halted the decline there. The downtrend may only be stalled, or the chart may be gearing up for a reversal. Either way, the site's analysts are suggesting trades keep the position open until further notice.
Investors can review the entire analysis for FormFactor and United Therapeutics, along with corresponding charts, by going to: http://www.smallcapnetwork.com/s/.
About FormFactor:
Founded in 1993, FormFactor, Inc. (NASDAQ:FORM) is the leader in advanced wafer probe cards, which are used by semiconductor manufacturers to electrically test integrated circuits, or ICs. The company's wafer sort, burn-in and device performance testing products move IC testing upstream from post-packaging to the wafer level, enabling semiconductor manufacturers to lower their overall production costs, improve yields, and bring next-generation devices to market. FormFactor is headquartered in Livermore, California with operations in Europe, Asia and North America. For more information, visit the company's website at www.formfactor.com.
About United Therapeutics
United Therapeutics (NASDAQ:UTHR) is a biotechnology company focused on the development and commercialization of unique products to address the unmet medical needs of patients with chronic and life-threatening cardiovascular and infectious diseases and cancer.
About SmallCapNetwork
The Small Cap Network web site and free newsletter offer in-depth fundamental research and technical trading recommendations on select companies within the global equity markets, including small company stocks, micro cap stocks, bulletin board stocks, and other actively traded stocks.
Forward-Looking Statement: This press release may include or imply "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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