Five Prime Therapeutics Inc. (FPRX)

[timberwolf7]

While its pulled back as expected from its PR post peak price, the last 3 days show it trying to hold the $17.3 level which is right where the Moving Average timeline I use is at.

BUT, the momentum indicators I use have turned negative so expecting it to breakdown some more from here.

Still looking to see if the GAP theory will apply here, ie, will the GAP that took place on the day of the PR be 'filled'?

disclaimer: own PUTs on it, ie, placed a bet to challenge myself whether or not what I think will happen, happens.. IF it breaks down below $17.20??

and last I checked, around 90,000 shares traded up till around 2 PM implying that whoever is holding shares, has either decided to 'sit tight' with them and at the same time, not too many interested in accumulating at the moment. Perfect setup for a decision to develop of, can it hold or does it drop... before the next PR takes place..