Obviously some smart or hopeful (?) buying in front of the lab results which are now due anytime and much anticipated. The stock has really held together well considering that not much has really been announced since the Tollu results last winter. Oodles of support in the mid to high 30s which was a great entry point not so long ago.
The resistance at 53 has held however there is also support at 50 suggesting a holding pattern in this range until results are known, after that who knows. The have the goods so far if these results show a continuation of the same the stock will be rerated by some multiple.
RDS Price at posting:
50.5¢ Sentiment: ST Buy Disclosure: Held
