Avid Bioservices Inc (CDMO)

[Wildhorses]

westjitter,

Just a couple of things. First from IBD.

1. CDMO is currently ranked 4th in the Medical, Biomed/Biotech space.
2. The Med, Biomed/Biotech space is rated 27th out of 197 industry groups.
3. CDMO's Composite Rating is 97 (Extremely high and hence the rating).
4. Relative Strength Rating is 92 - also excellent.
5. Key thing for me is that Accumulation/Distribution Rating is still A+
6. And, Up/Down Volume is 2.6

Items 5 and 6 speak to the accumulation that's going on.

Secondly, as back up. If you look at a colored daily candlestick chart with volume shown in bar chart form across the bottom, it's clear to see that green (up days) generally have very good volume and down days (red) are much weaker volume. Of course, a line graph of On Balance Volume (OBD) also shows this phenomena.

Big boys joining the party. Just mho.

Regards,
WH