CTCH: Volume Spike; 18% > 20-adsv, Stock +13.21%
Thursday , March 09, 2006 09:55 ET
This is the 3rd VOLUME alert for CTCH in the past 7 calendar days.
Trading for CommTouch Software Ltd (NASDAQ SC: CTCH) has been heavier than usual in today's session. By 09:55 ET, the stock had already traded 734,900 shares via 250 trades. The cumulative volume is 17.96% above its 20-day average of 623,027. Normally the stock experiences around 205 individual trades per session.
So far, today's volume surge has caused a net rise in CTCH's stock price. At the time of this alert, the stock was trading at $1.370, up $0.160 (+13.21%).
One year ago, the Company's shares closed at $0.780. The price has gained more than 75 percent since then.
Over the last 10 trading session CTCH has traded in a range between $0.900 and $1.290 and is currently trading 6.16% below its 52-week high of $1.460 set on December 27,2005 and 204.44% above its 52-week low of $0.450 from June 15,2005.
Dubi