Is this the start of short covering?
low volume suggests otherwise but if this is the case, then low volume indicates few sellers willing to jump ship at this price. Expect shorts to continue their manipulation on the next weak market day. Last short interest report said 8 days to cover for CXRX but could be much more as I suspect much of the daily trades were recycled shares for pennies per trade as they walked it down. Up side impact could be more dramatic than thought. But, as other say here, it will take some change in market sentiment to support this.