RSMI: Volume Spike; 66% > 20-adsv, Stock +23.21%
Monday , October 08, 2007 09:55ET
This is the 1st VOLUME alert for RSMI in the past 7 calendar days.
Trading for Rim Semiconductor Company (OTCBB: RSMI) has been heavier than usual in today's session. By 09:55 ET, the stock had already traded 1,785,000 shares via 95 trades. The cumulative volume is 65.91% above its 20-day average of 1,075,900. Normally the stock experiences around 90 individual trades per session.
So far, today's volume surge has caused a net rise in RSMI's stock price. At the time of this alert, the stock was trading at $0.069, up $0.013 (+23.21%).
One year ago, the Company's shares closed at $0.101. The price has declined more than 31 percent since then.
Over the last 10 trading session RSMI has traded in a range between $0.041 and $0.067 and is currently trading 55.19% below its 52-week high of $0.154 set on December 18,2006 and 97.14% above its 52-week low of $0.035 from September 20,2007.
In the previous 3 sessions, RSMI trading has displayed a mixed trend. Closing results have been as follows:
October 05, 2007 --- closed at $0.056 up $0.002 (+3.70%) on 1,343,900 shares
October 04, 2007 --- closed at $0.054 even for the day on 499,700 shares
October 03, 2007 --- closed at $0.054 up $0.002 (+3.85%) on 735,800 shares
The Company last released news on September 24, 2007:
"IPSL Special Interest Group Announces New Member"
RIM SEMICONDUCTOR COMPANY
Rim Semiconductor Company is a late-development-stage fabless communications semiconductor company. It is developing an advanced technology that allows data to be transmitted at greater speed and across extended distances over existing copper wire.
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Technical Analysis VOLUME(+) |
