Sorrento Therapeutics Inc (SRNE)

[midas716]

The volume will come with the 20ma 200ma cross within the next two days. Any savvy investors watching the stock or monitoring positive ma crosses will most likely have alerts set. I have many alerts set for volume spikes, ma crosses, PSAR hits and the like on many different stocks.

Also this is going up for a reason and most likely because of anticipation of the possible FDA approval of the Lidocaine patch on or around Feb. 28th. Also earnings come out on Nov. 13th. Q4 was a miss by .07. Q1 was a miss by by .12 but last quarter, Q2, was a beat by .14. Maybe another good quarter coming?

I believe the PPS will break the 200ma within two days if not tomorrow. If not I could be totally wrong and it will fall below the 20ma. The PPS is being squeezed between the two so it will have to break one way or the other within two days max.

I watched L2 all day. There was a ferocious assault on the 200ma at 2.74 early but they just kept stacking the ask. I saw 2.74 print after hours. I think another assault will occur in the morning as well.