Affymax (AFFY) Recent Momentum Continues

Affymax, Inc. (NASDAQ: AFFY) is continuing its recent momentum. Shares are up 30 percent Thursday, which is on the back of a 25 percent gain on Wednesday and a 44 percent gain on Tuesday. Shares have more than doubled since Monday's closing price of $0.81. There has been no meaningful news on the stock. That said, an article out Tuesday on SeekingAlpha suggested that Affymax could be the best reversal play for 2013. This article may have sparked the rally.

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