If the SP closes at 44c that will be twice the ATR(average true range which is currently at 2.5c).Most shares when they have good moves double their ATR and a really big move is 3 or more so this is consistent with its upward path.So with that in mind I'm happy with its performance today.Good volume with nearly 4mil traded and an hour to go
Remember too if it goes up too quickly(relative to the announcement) that may have a detrimental effect on the SP.IGR's moves are solid and consistent now which is fantastic in my view.
Tigerpen8
IGR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held