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Shares of Martek Biosciences Corp. (MATK - FusionIQ 86 Technical Score / 74 Master Score) jumped to its' highest price in more than two years after the company teamed with Dow AgroSciences LLC to develop and sell a special type of canola seed. The companies will make a canola seed that produces the omega-3 fatty acid, docosahexaenoic acid (DHA), which is considered important for proper brain and eye development and function. The production of a DHA canola oil by Dow and Martek is viewed as a cheaper option for various food uses.
With close to 25 percent of its float short and a point and figure target of 45.00 MATK shares offers investors good intermediate term return potential.
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