September 7, 2006
SpeculatingStocks.com Stock Pick: Oxigene, Inc. (OXGN)
Stock Price: $3.78 (long-term strong buy)
Oxigene, Inc. is an emerging pharmaceutical company developing novel small-molecule therapeutics to treat cancer and eye diseases.
OXGN just filled out a cup pattern in its chart emerging from a 52-week low of $2.82 in late July.
OXGN has $51.67 million in cash and marketable securities. Assets total $53.26 million while liabilities total only $4.04 million. OXGN has a very clean balance sheet with a book value of $1.75.
Indicating the promise of OXGN is the huge insider buying occurring recently. Look at this massive insider buying. Over $700,000 in OXGN shares have been bought buy insiders since June betwee $3.07 and $3.53.
SpeculatingStocks.com Target Price: We expect OXGN to reach $5.50 within the next 2 - 4 months.