Good morning traders, MTP making some big moves to the upside pre market this morning. This stock has surged from $1.40 cent area to over $3.00 dollars on news from the company. That is some momentum. Let’s look at some data:
FLOAT : 25 million shares
PREMARKET VOLUME: 2 million
NEWS : 8K filling shows results in first human study of their drug.
With all that attention and momentum, I will be watching MTP for a trading opportunity in the morning session. Remember to always manage your risk.