XOMA (LONG)

It looks like something may be brewing in XOMA

 This is the biggest volume in XOMA in ever. Note the lateral trade before the move of 200%, very similar to the lateral trade now and accumulation tends to take place in low volume lateral environments.

 3C hourly.

 3C 15 minutes.

This is an hourly trend channel, I'd prefer to give it a little more downside room, certainly a stop under $3, absolutely not at the even number of $3. The daily trend channel is around $2.85, that's probably the area I'd prefer. This isn't a true C&D trade, but it is speculative.