CRSP gapped down yesterday. The candle it gapped down on closed green and quite a bit higher than the day's low. There was also a pocket pivot, a large money footprint, that formed even though negative volume is on the low side. Someone or some folks, did not want to see this go lower or they took advantage of the lower price. Obviously, a lot of shares were purchased on the gap down yesterday.
Price was below the lower band set on 80. Price eventually returns to the bands.
Short interest is 3.84%.
Biotech has been a struggle and this could go lower. I would think these buyers will come back in before it fell too much as evidenced by yesterday's reaction to the gap down.
The moving averages need a lot of work )o:
No recommendation/earnings 10-27 after market close
Price was below the lower band set on 80. Price eventually returns to the bands.
Short interest is 3.84%.
Biotech has been a struggle and this could go lower. I would think these buyers will come back in before it fell too much as evidenced by yesterday's reaction to the gap down.
The moving averages need a lot of work )o:
No recommendation/earnings 10-27 after market close