Stock Market Alert: LMRA had another big day on Tuesday, trading up over 15% to close the day at $5.76, following up their big session on Monday which saw the stock move from sub $2 to $5. Volume was extremely heavy once again on Tuesday, with over 20 million shares of the stock changing hands, compared to a normal daily average volume of 40k shares. Slightly worrying to longs still in the stock would be the fact that the stock gapped up early and then traded down throughout the rest of the day, closing near the low of the day. LMRA will need to see some continued strong volume, or else I believe the stock will ease lower towards the $5 region. We’ll keep an eye on this one for Wednesday.
Sorry, the comment form is closed at this time.