JRjr33 Inc (JRJRQ)

[Jerry_Jacobs1]

Breakout to fill $4.40 to $2.60 Gap Down - this is a corrected post, sorry I reversed the numbers but the point is that this stock gapped down from $4.40 to $2.60 overnight in February and it appears that we have a breakout that may fill that gap. Here is the post from the YF CVSL message board -

After the market closed on February 24, CVSL announced a stock offering. The stock had closed at $5.50 on the 24th and the news of the offering caused the stock to gap lower to $4.85 and it traded lower much of the day before closing at that same level. The next day, the stock closed at $4.40 and these two days were the only trading days before the offering was priced, because the following morning (February 27th), the offering was priced at $3 per share before the market opened. The opening trade on February 27th (the first trade after the pricing of the deal) was at $2.60 and the stock traded 2 million+ shares before closing at $2.45 for the day. From a technical standpoint, since the stock closed at $4.40 on one day and then opened the next at $2.60, there is a large 41% gap down and the stock has never come even close to closing that gap. I think that the chart guys will tell us that a move up through either $2.45 or that $2.60 level (from a technical standpoint) should be a breakout - thoughts??