FTEC (For The Earth Corp.) gappped up about 25% and took off by moving up to 45% above yesterday's close.
So, within minutes, traders could have made solid double digit gains before the pullback.
The volatility of the morning trading hours appears to have settled, so consider looking for profit opportunities by playing the channel.
As I write this, FTEC is trading at stronger support levels since the opening bell, so look for a potential retrace back to the upside. Since it's still early, shares could reach it's starting price of around 18 cents and potentially break that point.
This morning, FTEC announced an acquisition which I expect assisted the gap up and additional trading activity that attracted traders... and I suspect could be on traders radars throughout the day based upon the volume.
