Backing away

Backing Away - Backing away means to withhold, remove, or withdraw interest on a valid offer of a valid bid on any given security when the quantity and price are accurate.

The failure of a market maker to honor a previous bid for a minimum quantity of a security. The National Association of Securities Dealers considers backing away to be unethical.
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It's not backing away but it needs to open positive to break through. If it starts backing off, you might want to take some profits for the next day or two. 6/14 It came up through the 50 day moving average. Continue to hold.

See also: Market, Right, Investing, Close, Sell