Not quite, but not too too far offThe stock opened at $2.34 on 31,000 shares.
It's highly unlikely that the stock established its day high on the first trade of the day, particularly since there's no news.
I can almost guarantee that the stock will trade higher than $2.34 today, but I can't, obviously.
It seems to me that we've seen a barely perceptible change in the direction of the line of least resistance.
More often than not recently, the moves out of nowhere and for no apparent reason have been to the upside.
Yesterday was an example of that.
The stock is now trading up 22% from its low at $1.91 on August 29th, barely more than 2 weeks ago, and with little or no fanfare.
I can't predict short-term moves worth jack, but just for fun I'll say the opening today gave us a reading on the prevailing sentiment and I'll go out on a limb and say we test $2.40