Sorrento Therapeutics Inc (SRNE)

[midas716]

PPS closed below the 20ma. I'll be watching to see if it goes lower which could signal a move down to the 50ma but I'll be out long before then. The 20ma will still be crossing the 200ma today or tomorrow and that should set off TA alerts.

I really thought it would break upwards and it still can and I still believe it will. It's not like it nose dived. Yesterday was a strange day of trading throughout the market. All the stocks I monitor had low volume and out of 60 stocks I monitor only 6 were green. 54 were red. Chalk it up to the post Halloween hangover?

Today will be pivotal to see which direction this goes. Interestingly enough it did post a higher low than the previous day and tied the high.