Peter Hristov

Viropro, Inc. (PINK:VPRO) Bounces at the Support

by Peter Hristov November 24, 2011
2VPRO_chart.pngYesterday, Viropro, Inc. (PINK:VPRO, VPRO message board) went through a very intensive trading session.

The stock jumped up 2.56 % to $0.04 on a volume of more than 4.3 million shares. Compared with the daily average volume, the trading activity yesterday was twenty times higher.

Out of the 4.3 million traded shares, 2 million were exchanged in short transactions as reported by the official FINRA statistics. Expressed in relative numbers, the short volume for the day was equal to 46% of the total generated volume.

VPRO hasn't published any official press releases or reports since mid-October. On this account, the surge of VPRO which took place yesterday seems to have a speculative mature.

VPRO_logo.jpgFrom a technical point of view though, the stock action seemed a natural bounce off from the lower border of the current trading channel of the stock.

Truth be told, VPRO has been moving in a trading rage for seven months now with borders established at $0.06 and $0.035. From this point of view, there was nothing strange in the jump VPRO made yesterday.

In this respect, market speculators will have to monitor how long the stock will keep the current range intact before it breaks out into a trend.

Comments 1

1. Guest
December 29, 2015, 12:00PM

Quotes Time for VPRO to live up to recent claims it "intends to complete audit of its [financial statements] by the end of 2015." Press release October 9, 2015.

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