the focus on ELN's stock price is S-T and the FDA. (which one article suggested won't be out before Oct...if I read it correctly.) L-T chart patterns; I don't know what you do w/it because comparing ELN today to the company it was 3-5 yrs ago....apples and pears. today could be interesting. there are stories out there on ELN/PFE, bapi, Alz, etc.; it depends on how it is spun.
it's the summer; some people are out, some in. it's still in somewhat of a trading range; the overall mkt too. supposed to expect, in a trading range, that you touch the 'ranges' from time to time. lower to mid $13's to higher $14's. I didn't see/hear the MS thing but possible. someone else puts out a more pos spin and you get back closer to $15. another more negative view comes out...low $13's.
just read a 'summary' of MS write-up: 1) low probability of Ph III bapi success 2) has ELN at equal-wt.
Imo, the world has a "low prob" of this being successful if you define success as 100%. Success for me for bapi will be more in the details....it's not an outright Win/Lose ... ...but mkt forces 'may' tend to treat it that way when results are announced.