Xena's Study Hall

[gfp927z]

Xena, Looks like AVXL had monster volume in the last 30 mins of trading on Friday. It rallied very strong into the close, and then moved back up to 4.20 in the aftermarket. So a good sign for more upside in the coming week.

The only news I see is an 8-K filing posted on Friday on the SEC.gov site, with the voting results for 4 proposals from the recent annual meeting. The only non-routine one involved 'excessive golden parachutes'. Not sure if that would move the stock so dramatically, but as of now the price and volume action looks positive for the coming week. The chart looks like a test of the May highs may be in the offing in the period ahead (4.50-4.70), so should be interesting :o)




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