Anavex Life Sciences Corp (AVXL)

[kevindenver]

There are multiple components that have influence upon a company's share price. $AVXL's share price is also subject to valuations granted similar companies within the same sector for example the $XBI.

IMO, the only factor than can break $AVXL from the "current challenging risk adverse market" is validation of it's claims by 3rd parties (i.e. peer reviewed publication) and/or presentation of such with "standard measures" as apparently the "odds ratio" is not impressive enough to warrant a break away from the doldrums of the sector.

The $XBI and $AVXL are again WEAK and seeking price stability most likely at a support level at ~ $75 and $7.50 respectively.