Well, here we are again...
Other than putting a hogtie, a hood, and a gag on ol' Jonesie, what's it gonna take to push this bad boy past $5.31...?? Today's volume was great, and I haven't been this pleased with EXEL stock action in quite some time. From a technical perspective, it would seem that a close above $5,31 is impossible w/o sizable short reconciliation. Anybody else seeing a $6.00 close on high volume in the cards for tomorrow?
There doesn't seem to be any impending news save the quarterly report and possible MTC OS. It doesn't seem like sufficient volume to signal a takeover rumor. I remember there was an odd day in June '09 when MEDX volume was 24 million shares; this was three months before the buyout. I think we hit some serious resistance before $6.00.