ILU is now back above $9 and just holding on to that level after finding support in the $8 region. While there is mild resistance in this region, the bulls currently have significant momentum with volume also picking up.
Last week’s high was $9.13 and that is where key near term resistance lies. A clear break of this $9.13 region could see the stock drift towards $10 which is where October highs were. We might then see further consolidation at those levels.