Actually my prediction was 26-30 for today so I am quite pleased with today's result. In a wide range, it was pretty much 28-32, but most of the time it stayed consistently around 29-30 mark.
A lot of people sold in December b/c it was the end of the year for tax purposes. We know they had to wait 30 days to buy back, but because the news on this stock went quiet for a while, there were no hurry to do so. It is expected these investors still kept an eye on this stock and the news of Monday's report brought them back. So the numbers match closely to the numbers before the sell-off in December.
In order for the the price to go higher than this before Monday means increase in volume from fresh investors. There might be a few short investors who would buy, but expect them to sell off Tuesday. For long term, it really depends if there are fresh investors who want to wait for the FDA.
