CTCH: Volume Spike; 21% > 20-adsv, Stock +11.27%
Tuesday , November 22, 2005 10:06 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 10:05 ET, the stock had already traded 153,800 shares via 49 trades. The cumulative volume is 21.25% above its 20-day average of 126,841. Normally the stock experiences around 21 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 $0.790, up $0.080 (+11.27%).
One year ago, the Company's shares closed at $0.440. The price has gained more than 79 percent since then.
Over the last 10 trading session CTCH has traded in a range between $0.530 and $0.720 and is currently trading 10.23% below its 52-week high of $0.880 set on March 09,2005 and 338.89% above its 52-week low of $0.180 from January 03,2005.
In the previous 3 sessions, CTCH trading has displayed a mixed trend. Closing results have been as follows:
November 21, 2005 --- closed at $0.710 up $0.080 (+12.70%) on 708,700 shares
November 18, 2005 --- closed at $0.630 up $0.040 (+6.78%) on 482,500 shares
November 17, 2005 --- closed at $0.590 even for the day on 100,900 shares
The Company last released news on November 15, 2005:
"Commtouch Reports Ninth Consecutive Quarter of Revenue Growth"
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