Kind of disagree with this, the price action is quite healthy if...

Kind of disagree with this, the price action is quite healthy if you compare it to known recent CR pumps - namely ARR, W2V and AUZ

Measured low volume pull back on PER before breaking a base on significant volume as opposed to these 3 going up very quickly with no breather and continual buying pressure.

If you also consider the context of the XBI convincingly breaking out of a year long base last night in the US, and the massive rise in NYR today likely spurring people to look for other bio-techs to punt it starts to make a lot more sense.

Also might be worth noting that each of these 3 preceded their CR pump with some form of pumpy announcement. All IMO of course, I wouldn't completely rule out the chance of a CR but the volume profile and price action is a lot healthier for PER.

In the case that this IS a CR pump we're likely to still see a few days of high volume at elevated prices to bring up the vwap like you can see in the other 3 charts.