"I haven't checked volumes lately. Are we moving on above average volume? If not, these are retail traders scooping up shares and therefore.......see first sentence. :-)"

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"Shares of MannKind Corp. (MNKD) traded higher by 9.5% or $0.23/share to $2.65. In the past year, the shares have traded as low as $1.57 and as high as $3.95. On average, 2003780 shares of MNKD exchange hands on a given day and today's volume is recorded at 3773412. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $2.54 area."

http://www.takeoverchatter.com/2012/07/stocks-trading-with-high-volatility_12.html