Back in March VICL popped 31% in the week after the Cowan conference. That's the last time we saw a 2 million share trading session. I'm holding, betting the next share price move is a quick pop back upward toward a new 52 week high. Time will tell. 50 dma crossover move in play right now.
What do chart experts think on this VICL MB?
The technicals have set up nicely, except for MACD which looks ready to cross over positive tomorrow. The key to a follow-thru will depend on volume. Today's monster volume of 3.4M is unlikely to be seen again, unless VO really did manage to scare the living hell out of the shorts.
I would look for follow-on buying in the first 30 minutes of trading tomorrow morning. Then it depends on what the mo-mo players decide to do. If they can't push it higher, look for them to take their profits and run. If you're buying for a quick profit, make sure you know who you're playing with.
Looks like a "fulcrum point" may have happened. Let's see if over 2 million shares are traded in at least two sessions this week with upside pops. If so, IMO a breakout to a new 52 week high is in play. And I hope the Seeking Alpha dude is right on many counts. GLTA