Santarus has still an uptrend and is going toward its highest level.

The economic and financial situation of the company is still strong. Estimated sales from Thomson Reuters consensus are encouraging. Analysts polled by Thomson Reuters set a target price at USD 22.3 which represents a potential of 11% compared to the current price.

Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In daily data, 20-day moving average helps the stock to keep its uptrend.

According to both technical and fundamental elements, it seems opportune to take a long position at the current price. The bullish trend should allow the security to reach the USD 23 level, corresponding to the upper limit of the channel. A stop loss will be placed under the USD 19 short term support to avoid a downtrend.