it is a classic set up though where a stock makes new highs then retreats and consolidates just under the old high building up steam before it takes another stab at higher ground.
As everyone has said though it all comes down to fundamentals - approval it goes higher .........
The only thing is the FDA is not known for punctuality so perhaps punters are expecting a delay or just want to see it in black and white before punching it higher.
Of course the broader investing world is being rather introspective at present.....
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