The stock broke out immediately, with the uptrend gathering stream into July’s all time high at $6.20, ahead of an orderly pullback that has been testing the 50 day exponential moving average (EMA) for the past four weeks. PierisPharmaceuticals stock has spent the past six sessions trading above that support level, building a bullish platform that could support a quick rally back to the summer high, followed by continued upside toward the double digits. On balance volume (OBV) has lifted to an all time high, supporting the strong advance.
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