Tesaro Ripping Higher With Help From Phase Three Results of Rolapitant

Tesaro (TSRO) is another biotech that is on fire this morning! Tesaro is up 16.83% this morning 5/12/14. Tesaro has been trading in a 52 week range of $22.15-51.95. Tesaro is currently trading below the ichimoku cloud at $27.67 up $3.66 today. Despite a weak chart, Tesaro is making headlines today with positive phase three Rolapitant results. Rolapitant is a new drug used to treat the side effects from chemotherapy. As I write this article (TSRO) continues to rip higher as another bull market biotech darling.