Buy Prima Biomed (PBMD) Stock?

Buy Prima Biomed (PBMD) stock? PBMD is soaring 68% to $2 today after the company was endorsed by the EMA. Shares jumped over 50% last night on the ASX and that momentum is carrying over into the U.S listed shares.

The question is, should I buy PBMD stock?  I usually wait until we see some sort of pullback in pre market or the open to buy.  Looking at the chart, PBMD will have resistance in the short term at $2.01 and $2.38.  A break above $2.38 will be bullish and cause a short squeeze.  Check out the chart below.

 If you are looking for more hot stocks, check out my 2015 Stock Gainers and 2015 Penny Stock Gainers.