LONDON, April 10, 2014 /PRNewswire/ --
Constant Contact (CTCT) was one of the biggest movers on the NASDAQ in trading yesterday moving higher by 28.22% in a very active day for the stock. The volume traded was 4.39 million shares, considerably higher than normal for this stock. The closing price of $28.22 is right at the stocks resistance level as it looks to make a move higher on positive news.
Av Works Aviation (SPLI) also chalked up a 25%+ move in heavy trading yesterday as shares look to recover following a recent selloff. Looking like opening at the $0.20 range this morning after being cut in half from a recent high of $0.45 has potential for traders to push this one back towards the highs.
Shares in Fannie Mae (FNMA) continued to tick higher slowly but surely as traders anticipate this stock moving back to the $5.00 resistance level. Fannie Mae closed higher by an additional 2% in trading to close yesterday at a price of $4.13 and $38 million in volume. The overall volume is slightly off from a week ago but still extremely heavy compared to the overall market place.
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Pixelworks, Inc. (PXLW) traded higher on NASDAQ by more than 15% in a solid days trading for the stock closing above $6.00 and looking to push higher on this recent run. After trading as high as $9.00 per share back in the February timeframe this company is coming up on a resistance point that if it breaks could send the stock back to those levels.
Pernix Therapeutics Holdings (PTX) joined in with a 14.26% move to the upside on right around $3million to close trading on Wednesday. Shares in PTX have been on a solid run after hitting a high of $5.93 back on March 21st. After pulling back slightly with some natural profit taking this stock seems to be making another run at that high again on the back of positive news released.
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