An hour and a half in and we are nearing average daily volume.
On pace for double average vol day. Possibilities of ramped up break out if it takes out 50 ema. Shorts might start sensing somethings up.
If there is any cred, should make a substantial run past 1.79 this week. Short covering should spike it near 2!
Uh, no. You do realize there is only 1 trading day left this week, right? Won't happen next week either though.
Unusual vol, with lots of speculation, normally lends towards a buyout/merger of some sort. Wouldn't surprize me to see it scooped up for high 3's to 4's.
wouldn't surprise me it was due to good earnings at ciena with good margins to boot