XOMA -92% 2 day gain

XOMA was listed as a long trade pre-market this Monday and again during market hours Monday. We now have a nearly 92% gain in two days, almost a double. What we are seeing is the concept of "Follow Through". When we get a candle that closes near the top of it's range, like yesterday -on heavy volume, more often then not we get a second and sometimes a 3rd day of follow through. XOMA has certainly past it's initial price target, however if you missed the trade, there's a good chance that it will continue higher after a pullback. Watch for a pullback in the coming days to or near the 10 day moving average. At that point XOMA may be worth a shot for further gains.