Gentium S.p.A. (GENT) May Face Some Profit Booking Before Forming A New 52 Week High

Italian biotech group Gentium S.p.A. (NASDAQ: GENT) soared 64% by early afternoon trading on Thursday to $3.75. Late yesterday, Gentium S.p.A. reported that its revenue for the Q4 of 2009 climbed to EUR 4.05 million, up from EUR 1.04 million for the previous year's period.

With this, Gentium S.p.A. (GENT), a small-cap stock listed on NASDAQ, has moved within 5% from its trailing 52 week. However, a long candlestick formed in today’s trading itself with high strong high volumes clearly indicates that there are chances that Gentium S.p.A. (GENT) may witness some profit booking before moving up further.