RLAY, too close for comfort, a long term RUN UP in play...
RLAY weekly chart is showing multiple support strength as proven by the triple bottom scenario. A significant net buying volume / accumulation has been spotted this past few weeks.
It has also created a notable higher lows on weekly data.
Average volume for the stock is at 1.4 M, but last trading day (apr. 13) the stock recorded 3.3M shares way above average conveying significant accumulation.
Expect a reversal from here on.
Seeded at 18.0
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Related news:
Relay Therapeutics
shares jumped over 13% in recent afternoon trading Thursday after Raymond James initiated coverage of the drugmaker's stock with an outperform rating and 29 price target.
It has also created a notable higher lows on weekly data.
Average volume for the stock is at 1.4 M, but last trading day (apr. 13) the stock recorded 3.3M shares way above average conveying significant accumulation.
Expect a reversal from here on.
Seeded at 18.0
-----
Related news:
Relay Therapeutics
shares jumped over 13% in recent afternoon trading Thursday after Raymond James initiated coverage of the drugmaker's stock with an outperform rating and 29 price target.