Trade volume on ZGNX has been increasing in the past few days and it's approaching a resistance at $15. If it gaps again at open today at 14.70-14.80 there might be an opportunity for a 20c gain up to $15 - after that keep an eye for bounce or breakout potentially up to $16
Since the start of 2015, the two moving averages have been converging on one another. Historically, ZGNX has reacted to the Golden Cross as expected. Once in July of 2012 (with a nearly $1 gain) and again in September of 2013 (with a $2.70 increase).
I've been watching Zogenix for months now, and after a few weeks it just looked as if it was too far gone for anything to happen; a lost cause. Taking another look at ZGNX today, looking back at what happened, I think its finally got something in the works and a breakout in the pipeline. But, hey, I could be wrong. Looks like it's going to have some support at...