Maybe the fact that the annual report was "at the printers" explains the run-up in the stock on Friday. I too am long ONXX and like the company, and probably will buy more. How do you know the report was at the printers? Thanks. JM
Everything about this stock is great! Outstanding technical indicators. Onxx is about to go to the moon. Lehman's target of $25 for the stock is a good indicator where this stock is going to be after ASCO.
I think the accumulators of undervalued situations know that an annual report can communicate the accomplishments of a company more effectively than indivdual news releases-gives context and perspective. Should dry up supply of stock and increase demand. Doubt many traders have made fortunes correctly anticipating the day the annual arrives. But a lot things coming together (IMO).
Answer to your question: Stock crossing 50 day MA still another interpretation of Fridays action some traders buy on that. I don't buy and sell "PRICES". I do my best to know what I'm buying. I spoke to the company on Wednesday and asked when the Annual would be out and got that answer. I am encouraged by Fridays price and volume action in negative market.