The 200 moving day average is $ 3,24, once we break this we are off to the $ 5 per share level. Settlement talks with RJR whom agreed to them means that they are ready for a licensing deal as FDA is down their throat on regulation. Others will follow RJR lead when they realize that RJR has an edge over others due to licensing of CIGX product.
Nature of this stock is that it rallies for about 4 to 5 days in a row in spikes. Look at the history of it. Two huge rallies in the past, very similar.
All of the shorts are in panic and need to cover at any cost. This settlement was unexpected to the market hence we will rally.