Organovo Holdings, Inc. (ONVO)

[WHP03]

Well, so much for ending the week north of $4.50 (if healthy buying or short covering occurred) or holding the 35 day moving average... next metric is the 50 day MA, which is $3.91, against today's current low of $3.95. There was a pretty good load of selling in the last 10-15 minutes; looks like two blocks of 80-100,000 shares. From the 52 week high to today's low is just about an even 20% move to the downside.

50 Day Moving Average Line: Since April 1, certainly since $2.50/share and the recent leg up, the daily price has not gone through the 50 day moving average. We'll see if 'technically' the stock behaves and stays above the 50 day.... There certainly has been a concerted effort to make money on the downside since the high $4 range... I don't personally play that direction in stocks like this, which perhaps is limiting myself, but I truly am not a dual direction trader on microcap/smallcap stocks, although I do buy and sell both calls and puts on larger cap stocks fairly regularly.

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