Momenta Pharmaceuticals, Inc. (MNTA)

[Boing x 2]

Just IMHO,


Watched the action close all day.

Volume has been decreasing every day.

Spent quite a time checking the daily volume back until 11/29/13. The volume that day was 88,449

There was a volume of 122,000 day back in 2014.

We were way under 110,000K right until the end and then big buys kicked in to the tune of 50K plus shares up buy.

We still ended up on lower volume than the previous day.

My opinion is the shares are drying up,

All it is going to take is one piece of big news to blow this stock up.

Looking at the chart we made a higher low on an uptrend with a cup and handle forming.

I would expect to see lower volume every day until we get the 9 months figures on institutional holdings.

The next short position numbers on 8/31/18 being reported on 9/12/18 should be quite telling. They were at 4,300,000 on 8/15/18.

It those numbers are the same it is going to get interesting fast.

Just my opinion.

Boing X 2