Slightly interesting technical pattern if you're into charts... Maybe its wishful thinking on my part that the stock is breaking-out of its downtrend and not just a head-fake. The stock price break above trend-line on very good volume is encouraging. Now, if only there were some positive news (any news-?) to go along with the big volume day and move-up in the stock price I'd feel SO much better... Oh well, back to playing the waiting game.
Ok, so not that I'm complaining, but what's the reason for the huge volume spike today?
Volume more than 6.8X the daily average is way outside the norm. All week there's been nice upward price movement. Is this just another head-fake by the market-makers? Covering short positions? Financing rumors? Hmm?