Let's check out the charts of this small-cap biosciences name.
In the daily bar chart of AMRS, below, we can see that the shares have traded sideways for the past 12 months. Within the sideways pattern we can see a decline into the March low followed by a good recovery and new highs in early June. Prices are above the rising 50-day moving average line and above the flat 200-day moving average line. We can see a recent bullish golden cross of these two averages.
The daily On-Balance-Volume (OBV) line has been moving higher from its March low and signals to us that there has been a shift to more aggressive buying since March. The Moving Average Convergence Divergence (MACD) oscillator has been in a take profits sell mode this month but narrowing toward a new buy signal.