Exactly, and here is what stockinvest.us has to say about it; High volatility in Cytodyn Inc stock price on Thursday which ended trading at $0.74
(Updated on Jul 28, 2022)
Buy or Hold candidate since 2022-06-22 Gain 90.26%
Remaining Time -3:45
The Cytodyn Inc stock price gained 5.73% on the last trading day (Thursday, 28th Jul 2022), rising from $0.70 to $0.74. During the day the stock fluctuated 12.78% from a day low at $0.67 to a day high of $0.75. The price has risen in 7 of the last 10 days and is up by 85.03% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 277 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $2.08 million.
The stock has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $0.66, a level that may pose a second chance to hit a runner. According to fan-theory $0.85 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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