Good morning traders, NCTY has some pretty heavy volume on it this morning. This is a stock that I have traded in the past and has had some really strong runs. So far this morning the volume and price action has pushed this stock from the $1.00 dollar area all the way up to a Pre market high of $1.64 cents. Looking at the day chart below we can see previous trading days that were huge opportunities.
Lets look at some fundamental data on this stock:
FLOAT : 31 million shares
PRE MARKET VOLUME : 700k
NEWS : Well, so far I don’t see anything that would warrant this activity, but, I have seen stocks have crazy massive moves without any news.
Overall this will be the main focus for this morning until the scanners start picking up any other activity!