Update 04/10/19- (NYSE: NSPR) had a small offering following our alert causing a massive short attack. The float is still approx. 1.3M shares. We are expecting some short covering soon.
(NYSE: NSPR) recent reverse split 1 for 50 resulting in a current float around 800k shares. Any clinical or positive news events could send this one parabolic. We are looking for a break of the 50 DMA at $8.60/share for further confirmation. There is a fair amount of short interest that could be squeezed out here as well. Note that the stock typically has a hard time holding gains for more than a week or so. Current price at alert $7/share.
Update 4/1/19 at 3PM eastern, current price $6.30/share. Looks like a shakeout and accumulation, we would be very surprised if this doesn’t run up a bit in the next week or so.
Update 4/3/19 8:30 AM Eastern – Looks like accumulation so far this week which could be a very good thing. NSPR now trading pre-market up over 20% back to $7.20/share. Today could be the pop to the upside we are looking for or give everyone a chance to book a small profit yet this week after the Monday call at $7/share. There has been a lot of daily short interest, over 100k shares shorted Monday. https://volumebot.com/?s=nspr
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