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Second Sight Medical Products Inc. (NASDAQ: EYES) shares gapped up Wednesday morning following the two-year results from the company’s Orion Study in visual prosthetics.
Four out of five patients are able to better identify the direction of motion of a bar moving across a computer screen with the Orion System on, with only one adverse event occurring.
Second Sight was up 33.2% at $6.66 at last check.
Second Sight Daily Chart Analysis
Second Sight shares look to be trading in what technical traders may call a falling wedge pattern.
The stock is trading below the 50-day moving average (green), but above the 200-day moving average (blue), indicating the stock is most likely facing a period of consolidation.
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