last Wednesday someone leaked that a press release was going to be issued. That is why there was so much price movement to the upside. Thinking there was going to be positive news concerning current trial. No such catalyst provided. Just old news reissued.
So shorts reopened positions higher at 5.60-5.75.
Notice it was trading @ 5.22 early Wednesday morning before run up. Now with market sell off and no news were not only back to that level but currently lower @ 5.16.
Like this long term and its fun to trade but I don't think we're going to see high 5's again for awhile. Lot's of support @ 5 but were due for a market correction so seeing 4.75 isn't unlikely.