The Chart of the Day belongs to Dermira (Nasdaq:DERM). I found the dermatology products stock by using Barchart to sort today's All Time High list for the stocks with the highest Weighted Alpha then sorted for the stocks with at least an 80% or better technical buying signals. I then used the Flipchart feature to review the Charts. Since the Trend Spotter signaled a buy on 6/1 the stock gained 73.87%.
Dermira, Inc. is a specialty biopharmaceutical company. It is focused on bringing medical dermatology products to dermatologists and their patients. The Company markets topical small molecule therapeutics that target acne, sebaceous gland hyperactivity, and inflammatory skin diseases. Its late-stage product candidates comprise Cimzia which has completed Phase II clinical trials for the treatment of moderate-to-severe plaque psoriasis; DRM04 that is in a Phase IIb clinical trial for the treatment of hyperhidrosis or excessive sweating; and DRM01 which has completed a Phase IIa clinical trial for the treatment of acne. Dermira, Inc. is headquartered in Redwood City, California.
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