Volume Drying Up In KaloBios Pharma After Last Weeks Surge

KaloBios Pharma Inc.

shares are trading higher by $2 at $36.83 in Monday's session. The issue is on track to have its lowest day of volume since November 12, when 71.5K shares changed hands and the traded south of $1 at $.90. It should be noted Its highest volume day, which November 23 (17M shares), also marked the high of the recent move at $45.82. It has since challenged that high on twp occasions but came up shy on much lighter volume. In today's session, it filled a void in price from November 25, when it traded down to $30 and began to rebound. So far, it has not been able to reach the $40 handle, peaking at $38.27 and falling back under $37.

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