more than looking strong - i feel long term holders are not ready to sell when the FDA approval seems so close. ACL is not a day trading stock (atleast not for professional day traders) because of lack of liquidity.
Most people in ACL are holders looking for a capital gain - so there isnt a lot of selling.
Though if the market keeps going down in general - some people may be forced to liquidate a part of thei ACL holdings to average down other stocks or to meet margin calls - that could take a hit on ACL during the day.
But I believe that loads of buyers are waiting for that opportunity - At the moment ACL is a no brainer as long as you one is not leveraged - the SP "should" close to double within a couple of weeks of FDA approval which is imminent - when is anybody's guess - could be Tonite - or later this month or (hate to say this) in the next few months.
as always - no advice given or intended - DYOR
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