Parallax Health Sciences Inc. (fka PRLX)

[RockSexton]

That's sort of the idea. Go look at EPEX. This was a pincher I had on watch today. Same thing happened with it's chart and it blew up for 140% at the high of the day. Of course with EPEX, there were barely any resistance levels between .08 and .30 so it was going to go as high as the traders wanted to take it before pulling profit.

It's another aspect of a bottom bouncer, but they can be really explosive when they hit. It says nothing for the long term strategy of the stock. It's just opportunistic momo traders, swing, traders, and chart scanners running an oversold stock up for quick profit. Eventually the stock will either sell back off or consolidate into a new range.