RPRX was trading in the same range a year ago with less money in the bank & less clinical data. I don't know what the market is waiting on. I guess they would rather buy $3 or $4 higher after the next PR.
I think it is the underwriting just hanging around. The volume is drying up, it's a case of the holders deciding they'd like to see it higher. The momentum types who helped drive it up are always more inclined to sell weakness and buy strength...You can buy all you want around here and not jack the offer any. It's like an unoccupied condo for now, but I obviously feel this is the time to accumulate.http://stockcharts.com/h-sc/ui?s=RPRX&p=W&b=5&g=0&id=p12727803598 I see a beautifull cup and handle pattern here. And a reverse head and shoulders pattern with the right shoulder right around here...neckline up at $13. 50 day moving average measured weekly( blue line) looks like obvious support too.
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