Just an observation on the stock action that I'm currently seeing. Stock has traded 2.8M shares over the last four days but is consistently finding a floor at the $1.25 level, despite reasons to fall even lower -- not the least of which is the IBB getting slammed again today, down 4.5% currently.
No insights here into the "who" here -- could certainly be short covering on that significant 12M share number. Time will tell.
I really like the fact that after the recent push over $1.50 CUR spent much of the Friday session in the $1.50 - $1.60 range, settling back in to close above that key level at $1.51.
If you look back at the 6 month chart, $1.50 was a recent low on the way down to the $1.30's, and whoever posted that $1.50 would not fall immediately was on target - some resistance is to be expected. But resistance becomes support, and Friday's session may have now established $1.50 as a new launch level for CUR.
The key going forward here (as it always is for a rallying stock) is VOLUME. We need to see it on a consistent basis here, both in terms of 2x or 3x volume days, and from a standpoint of average daily volume rising to a much higher level. With some fundamental news to support us, September/October have the potential to be very good months for CUR.