Again, nothing to do with the debt because PTX is not selling shares to convert any debt which can be verified by the consistent OS count!
When the 50-Day MAL points down it is actually a good news for us since PTX can easily break it out with much much less efforts though it looks like a "downtrend"! The lower the 50-Day MAL becomes the more easy for us to break it up! Keep in mind that PTX has the higher and higher supporting price: $0.3901, $0.391, $0.3917, $0.412, $0.42, $0.425, $0.44, $0.4588, $0.46, and $0.4601!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.