the fact that WAVX closed Monday at about $18.25
and opened Tuesday at about $19.75. In other words,
it "gapped up" about a buck and a half. There were
several press releases related to the WAVX demos at the
Intel Developers Forum Tuesday before the market
opened. This created bullish sentiment about the stock
such that no one was willing to sell in the high 18s
or low 19s when the market opened. Thus the first
sale didn't occur until the bid reached the high 19
dollar range.
Conventional wisdom among technical
traders says that such a gap must be "filled" before the
stock can continue climbing. That is, the price will
retrace back to the low 18s before it moves up
again.
Hope this helps.
DeusProNobis