Volume proceeds price. That was a 30 million single share buy! We watched a shark bite yesterday. He fed pretty well on Wed and came back for a bigger feast today. RIGH's average daily volume is 39 million over 30 trading days, 31 million over 20 trading days and 30 million over the past 10 trading days, the trend was down...
That single 30 million hit equaled the avg. daily volume. Today's total volume almost doubled the avg volume!
We believe the shark is not finished, and others may join the attack tomorrow. It is Friday, and charts are setting up for an extended move up!