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[Costa]

Omeros Corporation (NASDAQ:OMER) has witnessed a steep correction of 48 per cent from its high of around 13.76 in October and has found a strong support around the $7 area. The stock price made a nice move today and the technical chart is showing indications that the stock has bottomed out in the short-term. The RSI has reversed the course and stock finally closed above its 200-day exp moving average, a Bullish signal. In addition, the MACD is starting to curl up, suggesting that a positive crossover could be coming soon. I would look for a move up to $8.75 resistance soon. Stay tuned on Omeros Corporation.