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Rosetta Genomics, Ltd. (ROSG) stock is up big over the last two weeks after the company did a reverse split and issued more stock to raise cash. ROSG has rallied from $1.40 - $13.30 as of pre market this morning but I am issuing a sell rating on the stock.
While ROSG doesn't have any major resistance until $15-$20, this bubble is bound to pop when the momentum stops. My price target is for a move back between $6-$8.
Here are a few points worth making
Shares Outstanding ( includes recent stock offering ) - 1,873,931
ROSG Market Cap @ $13 per share - $24.36 Million
ROSG 2011 Revenue - $103,000
ROSG Net Loss - 8.83 Million
Be careful out there!