Enanta Pharmaceuticals Inc (ENTA)

[willyw]

For all intents and purposes we are where we were at closing 2 days ago.
No one jumped into the gap up and few jumped into the sell down. In that only 180 K shares were traded today arguably many people bolstered their positions.

As of yesterday the stock was up nearly 40 percent in two months and appears to be in a clean channel upwards, it's 20 day moving average crossed over the 200 day moving average a few days ago. (and if the stock continues to rise the 50 day crossing the 200 day moving average is in sight- unless things cool off)

I don't see a reason for the gap up nor the perhaps small drop today. Each week into the trial the closer we come to a phase 3 trial and the possibility of proof of best in class perhaps with a few new labels/indications.