Its called consolidation. It is amazing how well this has hung onto its gains after such a huge run up, but it had extremely great news. I think it is poised to move higher in the PM.
This one ran too high too soon and retraced about 40% today which is normal. CRDM is now in consolidation mode forming a solid base in the mid .19's which may take til this afternoon to complete. As soon as everyone sees the base firmed out it will begin to move to higher levels. This is one I believe you can count on because it has real news not hype. FDA approval is about as good as it gets.
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