From Technical Analysis stand point: Whenever a short time frame moving average crosses above a longer time frame moving average, it is common to see the price surge upwards.
The daily (9-hour) period moving average (MA) is on track to cross above the weekly (45-hour) moving average.
With momentum on the back of KBNT's upcoming earnings report (probable beat), the...
KBNT has developed an inverse "Head and Shoulders" pattern this month. This is a strong indicator that the down trend is about to reverse up.
After the price crosses the "Neck line" (About $7.43 +/-) it is possible that KBNT will breakout gaining $2.50 in value (The height of the head to neck line) arriving at a potential target price of $9.93.
Just my opinion,...
