Obviously we'll all be looking for news on the orphan indication before the month ends on Tuesday. I had thought (hoped) that the news would have hit Friday after the bell, giving investors (both current and prospective) the weekend to digest it.

Now I see the possibility that it could come out Monday before the opening bell. If that happens I'll be watching the trading. Anything can occur with news. Stocks can go up, down or trade sideways...if a stock moves after news it can lead some to chase and I see the potential at least for some crazy spectacular gains....but we shall see.

The chart has us just above the 20 dma, and just below the 50....at 2.20 and 2.45 respectively. Stochastics are pretty much at the mid point (fast and slow at 53.43 and 44.61) but pointing higher and bullish. MACD at .017 is tantalizingly close to a very bullish break over the zero line....the last break over that zero line was in January.

And then of course there's the short interest, which should be updated after the bell on Friday, which was sitting at 168,000 as of June 15th.

I'd love to make a prediction, but I'm going to hedge with volume being the qualifying factor. If volume picks up and we see trading of 200K or more shares per day....then I think we'll get above Eastern's PP price of $2.67....at least. However if volume sticks to more recent norms, then I think we'll be stuck in our current range.

I added a lot of shares this past week, here's hoping the volume picks up now.