Halozyme Therapeutics Inc (HALO)

[Fred Kadiddlehopper]

Two observations.
First: I have only a rudimentary knowledge of TA but I'm going to go out on a limb and state that the chart is starting to look mighty appealing to those that live and breath that type of trading.
Second: The price move and healthy volume over the last few days must have most of us scratching our heads. These two big green candles are, after all, right on the heals of prominently PR'd downgrades. The move, though, is also post conference call and this is the key to my point. Therefore my second observation is this: I believe all of these circumstances add up and provide evidence that R. Kirk is back to finish his goal of rounding out his share purchases of HALO
as authorized in the recent changes to the company by-laws.
Conclusion: This price move has legs. Combine an attractive chart to entice TA buyers with Kirk looking to get several millions more shares and add probable short covering chasing the price as it approaches $6 and we could see a nice multi day run. Price is hovering at $5.50 as I type this. We've broken through the 30 day moving average. Next resistance is $5.64 which is the last green day and is also going to be just about equal to the 50 dma. If we close above that in a day or so next stop is $6.00. As Lim likes to say "stay tuned".
Opinions pro and con are welcome!
Good luck!
-Fritz