The market needs to get used to the price range for a short while. We'll bounce between 20 & 26 prior to earnings, which I believe will be promising. It may be a sell the news event but only if the earnings "just" beat expectations - as that would be disappointing to the street given all the hype Karp has been pushing. If we get a big surprise, it'll add fuel to...
After some large volume, the volume has declined and price is gaining momentum after the distribution. See post below discussion the distribution that is now playing out.
Adcock Ingram is being distributed by large players. After breaking the upward stride there has been a significant increase in volume with selling pressure. Price has backed up to the trading range and the markdown could begin.