Replies to post #406084 on Anavex Life Sciences Corp (AVXL)

[attilathehunt]

Yes we will close over $12 by Friday...that's only 58 short of my dream. ;)


And keep eye on the options....we will something there before the rise in share price

[crescentmotor]

what would be driving the AVXL share price so strongly against the declining NASDAQ?

Low volume and only a $0.30 price gain. I think it is more likely that the stock price is just rebounding a little from the recent $9.37 low on March 2. For sure I don't see anything to get excited about with this one-day divergence from the biotech indicies.

[oldandintheway]

Nothing's afoot. Volume is exceptionally pitiful (same yesterday)...this is another week of MM playtime.

[Joseph_K]

I liked today's AVXL share price action.

Is something afoot? Today, what would be driving the AVXL share price so strongly against the declining NASDAQ?

I don't know if any of you can see individual trades (can you?), but I can't (or don't know how). But on a slow-trading stock like AVXL, I sometimes look at individual minutes on a minute-interval chart, specifically the minutes that show the larger volume bars. I'm interested in the ones where the High matches the Close and the Low matches the Open (or vice versa for a red volume bar). So, for example, at 10:01, 4.71k shares were traded with Open=Low=9.74 and Close=High=9.78; at 10:35, same but 3.94k from 9.97 to 9.98; at 11:09, 7.42k from 9.94 to 9.98; at 11:13, 6.87k from 9.98 to 10.00; at 11:39, 6.3k from 10:04 to 10:07, etc. I equate these to someone probably buying in, a sort of accumulation. Is this just stupid? I can take being told if it is!

The only unusual catalyst I'm aware of is a Motley Fool article published yesterday evening: Why Shares of Anavex Life Sciences Rose 12.4% in February [https://www.fool.com/investing/2023/03/06/why-shares-of-anavex-life-sciences-rose-124-in-feb/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article]. I think of Motley Fool articles as junk, and I expect their articles are even less likely to move the Anavex share price than what's said on this message board; but I don't have any good explanations, so what the heck!