Monday, September 20, 2010

Chelsea Therapeutics (CHTP) - News is Out, Friday was a Trading Opportunity

CHTP is trading $6.40, up 26.5% with IV30™ down 193 vol points or 67%. The LIVEVOL™ Pro Summary is below.

On Friday right near the close I wrote this:
Chelsea Therapeutics (CHTP) - Bio-tech Stock Pops.

I noted a wild pop in CHTP out of nowhere. The Tick Chart from that day is included below:

Today we finally get the follow through on the news. The Phase III results were positive, vol is gone, stock is ripping (though well of the day highs. The Key Developments snap from Livevol Pro (from Reuters) is included below:

Hopefully some of you made some money on this. I didn't.

This is trade analysis, not a recommendation.

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