It may be close to a bounce. Even if it is just a short squeeze. I would guess most of the money has been made on the short side.
Another attractive stock, Biogen (BIIB), declined more than 3% on Apr 27 to end the day’s trading at $389.27. Biogen, carrying a Zacks Rank #1 (Strong Buy) and an attractive Growth Style Score of ‘B,’ can be a biotech investors’ pick in the long run.
Perhaps some good news is on the horizon.......It has popped ahead of a positive announcement before.
Gotta love these posts full of technical and/or fundamental analysis. Thanks for the insight.
not that I know of, somebody else said Athens Ohio, and I was going with the assumption that they were correct. But I will look at our local paper and see if I can find anything.
Athens is out in the boonies. I wonder if the procedure was done in either Columbus or Cincinnati (I'm in Cincy). Very exciting, I like this company not only for the stock but for the good it is doing people.
Second Sight Medical Products Inc. EYES, -3.46% had a strong upside-reversal day on Tuesday. After the big run in February and March, the stock pulled back in a falling wedge and broke down through the 50-day moving average and lateral support on Monday.
However, on Tuesday it reversed in a move up 1.00, or 8.6%, to 12.62 on 602,700 shares. The volume wasn't heavy, and needs to pick up for the stock to really move. If it can get above 13.00, look for a test of resistance in the 14.75 area, beyond which the stock could reach the high teens.
I expect a continuation of wild swings all year long, and probably next year as well. But it may be able to keep basing at a higher and higher level. Perhaps not back into the single digits?? I had feared that it may drop back to 8 or 9 and it very well could have it this news hadn't come out. I'm still in this for long term. I have traded in/out of this a few times but mainly holding a core position.
Now that $12 is bust, I think it will head back to single digits. Unless some good news hits soon, if we don't get something to generate some buying interest it will just continue the slow bleed IMO. And I am long and annoyed, I am not short.
Yup, but how about a major short squeeze ??? That would be very welcome !! All it will take is another positive development. I do wish to see $12 hold. I know it dipped below today, but I'd really like to see 12 hold on closing prices.
So far, it is hanging out between 12 and 14. This could (roughly) be the trading range for a while.
I don't think it is manipulated back down. But when the volume dries up after a spike, it simply drifts back down. I know that at least one other time that it happened before, news came out soon thereafter. Something caused a big volume spike at 10:45. I could be somebody who somehow guessed/figured something out that is coming, or simply a fund starting or increasing a position.
Still holding true to form here! If we get a nice market blood-bath soon, this will be 50 bucks! haha!