Elite Pharmaceuticals Inc (ELTP): Ever see the 50 day a twin of the 200 da...

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Elite Pharmaceuticals Inc (ELTP)

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Re: Sankarad1 post# 287421

Thursday, 04/05/2018 3:28:11 AM

Thursday, April 05, 2018 3:28:11 AM

Ever see the 50 day a twin of the 200 day mean average for a week or two?

Me neither. Not typical. I like your thinking. Good luck to those trying to break the price down. Price is about as flat as Twiggy.

Compressibility factor is very low right now. Z=pV/RT. Compressibility factor is used as a correction factor to ideal behavior. Sometimes used in stock analysis as well. Elite is unusual at this point in time. 50 day/200day is an indicator of this phenomenon.

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