As per my understanding MNKD is working for a partnership before filing the NDA on mid OCT. For that process they may have short listed the companies
Technicals say $5.58, likely hood of approval is about 90%, because the technical doesn't know approval is coming. I am betting big time on this. Hopefully this will be trading between 6.50 to 7.50 after the approval.
Do you have any issue with it, go and complain to yahoo ceo. This MB is used for ATRS real investors not like people like you for contributing anything.
There are 4 sales happened and a block trade of 10k all at the same second to drop below the DMA 3.97. just a bear event. just ignore them. This will backup from Monday.
Oversold Conditions For MannKind (MNKD)
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Monday, shares of MannKind Corp (NASD: MNKD) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low #$%$015 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 50.4. A bullish investor could look at MNKD’s 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of MNKD shares:
MannKind Corp 1 Year Performance Chart
Looking at the chart above, MNKD’s low point in its 52 week range is $1.82 per share, with $8.70 as the 52 week high point — that compares with a last trade of $5.03. Find out what 9 other oversold stocks you need to know about »
According to the ETF Finder at ETF Channel, MNKD makes up 1.67% of the SPDR S&P Biotech ETF (AMEX: XBI)which is trading lower by about 1.6% on the day Monday.
I have to agree with you on the runup but I am seeing it will go to $10 to $12 by March. This time Relistor will be approved and that it self is a big milestone and the PPS will be $10+.