Anavex Life Sciences Drops
A few of the news sources I follow for investing and trading started spitting out the Q4 earnings results for Anavex Life Science (AVXL). It’s a biotech company that reported a $10.1 million loss. It would appear that a lot of traders were long, hoping for a breakout. It failed and sold off and it sounds like a lot of people lost their shirts yesterday. I have no idea what Anavex does or researches, I don’t need to. I just need to look at the charts and realize that it’s a dog. ...