The spike up from Monday had to be filled with a gap. Looking at the trading pattern yesterday, it appears the gap was filled from the morning up to mid-afternoon, then spiked back up by late afternoon. Today's trading pattern will verify. If it tests the 13.92 resistance, the gap was filled. The next step is to break through the resistance on high volume until that resistance becomes support. At that point we should get support in the low 14's.
Yes, the gap was filled! Minor shakeout on low volume., looks like they are trying to figure how many weak hands and to allow shorts to add to positions before taking off again. This baby is stair stepping and is about to really take off! Someone really needs to tellmenowpls that the catalyst is they saved a ton of money not having to redo trail and chopped at least a year for approval! The only thing nobody is mentioning is that the approval will be fast tracked and a unexpected approval will be right around the corner! Then once proven to be effective on Alzheimer's, dementia and schizophrenia there is no limit this baby can run! It's funny cause its moving in a day just under the price I started looking at it!
You are sooooo dreaming... They aren't even filing the NDA until 2014!! FDA "fast track" is at least 6 months to a year!! So you're looking at 2 years via the "fast track" *IF* they even get the approval.
You're now talking about off-label use... you continue to IGNORE than Insurance does *NOT PAY* for off-label use. The FDA submission is specifically for 1 disease... that's it.
incorrect... this will continue to fall. There's no catalyst driving this higher... just wait until the inevitable equity offering gets put out... this will fall to $7.00 overnight.