$INSY Sunday January 28 Last week ended on a bit
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Posted On: 01/28/2018 12:07:15 PM
$INSY Sunday January 28
Last week ended on a bit of a downturn. Share price dropped AND held below $10.00. While not a dramatic price shift it may cause some concerns by investors. Why?
Share price had climbed to and held around $10/share for about a week. Volume was extremely high for many of the days during the week. Investor interest also appeared to be very high. Share price fluctuated each day BUT remained within the $10 range. Friday the price dropped and held in the mid $9 range. There was no return to the low $10 share price and the bid/ask began to reflect the lower share price in the ASK column. The mid-$9/share range MAY be the new norm. This is a concern because there were literally MILLIONS of shares traded in the mid-$10 range. Investors may see this lower ACCEPTED share price as a harbinger of still lower share prices.
Monday should be a 'sit back and watch' day. Ideally the share price will return to the $10 level BUT the downturn on last week's chart may be an indication of another lean week.
Last week ended on a bit of a downturn. Share price dropped AND held below $10.00. While not a dramatic price shift it may cause some concerns by investors. Why?
Share price had climbed to and held around $10/share for about a week. Volume was extremely high for many of the days during the week. Investor interest also appeared to be very high. Share price fluctuated each day BUT remained within the $10 range. Friday the price dropped and held in the mid $9 range. There was no return to the low $10 share price and the bid/ask began to reflect the lower share price in the ASK column. The mid-$9/share range MAY be the new norm. This is a concern because there were literally MILLIONS of shares traded in the mid-$10 range. Investors may see this lower ACCEPTED share price as a harbinger of still lower share prices.
Monday should be a 'sit back and watch' day. Ideally the share price will return to the $10 level BUT the downturn on last week's chart may be an indication of another lean week.
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