Stock Market Alert - RAMR Surges

Posted on Tuesday 9 September 2008



Stock Market Alert - RAMR surged on Monday, trading up over 23% to close the regular session at $2.75. Volume was much heavier than usual, with over 1.8 million shares of the stock changing hands, compared to a normal daily average of 250k shares. The stock gapped up to $3.09, traded as low as $2.33 almost immediately after the opening bell, and then regained its footing throughout the rest of the day. The stock is also benefiting from some positive chatter in the market, and tacked on an additional 8.73% in afterhours trading. RAMR is well off of its 52 week high of $10.65, but has been mounting a furious comeback as of late after touching a 52 week low of less than a dollar in the summer. Can the company continue its comeback? Things are looking good in the short-term for the company, and I would expect it to head higher throughout the rest of this week..



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