Avid Bioservices Inc (CDMO)

[bigdumbandugly]

to me, and in my mind, today will be a good yardstick as to the strength (if any) of this stock.
i've been waiting for two big up days in a row from the market in general, and today - at the open and early trading at least - is the 2nd day.

so far, cdmo hasn't kept up. In fact it's regressing.
This level we're unable to plow thru now could then be a short term top (short term at minimum).

This all, of course, without good news of some kind. We're priced in at this capped level for good reason. The company needs to exhibit that it deserves better. And quick. Because once the DOW and Naz head south again, cdmo will be leading it in that direction by several % points otherwise while still in the weakened state that it is.