Positive share price movement today for Osprey Medical after a long period of decline followed by consolidation.
This morning the company released an Investor Newsletter in which it reported that it has posted 15 consecutive quarters of revenue growth, with quarterly revenue of $651k (an increase of 23% over the previous quarter.
There were signs of accumulation on July 12 and 16 with well above average volumes recorded on those days. Lots of accumulation in early May as well. The 14c level appears to be solid support for OSP after having spent a few months consolidating at or above it.
Today, the share price gapped up on volume and is currently trading at 20c, up 33.33% on yesterday’s close. Might be a trading opportunity here. Am watching closely.
Be the first to comment