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Thursday, July 21, 2005

Update 4: Live Action: Long NeuroMetrix Inc (NURO)

Some fresh news about NeuroMetrix (NURO).

Today, NeuroMetrix started with an Outperform at RBC Capital, target was set to $28.
RBC Capital initiates NURO with an Outperform and $28 tgt, saying through sales of their novel NC-stat, the co is demonstrating that nerve conduction studies are not solely the domain of the Neurologist, but can be performed at the point-of-care, generating an attractive revenue stream for the practice. Firm believes co is one of the most compelling small cap stories in diagnostics today and they are buyers at current levels.
NeuroMetrix closed at $22.80 yesterday. NURO has raised already 40% since I made a trade a little more than a month ago (See Live Action: Long NeuroMetrix Inc (NURO)). We will probably see continuous strength in NURO shares on RBC Capital comments.

See also:
Update 3: Live Action: Long NeuroMetrix Inc (NURO)
Update: Analysis: NeuroMetrix Inc (NURO)
Live Action: Long NeuroMetrix Inc (NURO)