Several hedge funds have established rather large positions in TROX. Given today's high volume, I'd guess that one such fund likely got scared about the direction of the broader markets, and used this morning's spike as a chance to sell some TROX.
Larger picture, I think the chart still looks great. We traded down to about $21.75, which was previous resistance, and bounced a little from there. My money is still on a test of the $26-28 level by August.
I agree on the chart technicals. And yes, it appears someone (fund) is reducing or changing
out here. We could possibly test the 20.80 area, but there is support there as well. The stock
is still in a nice upward channel and I see 26-28 in the near future as well.