LONDON, April 29, 2014 /PRNewswire/ --
InVivo Therapeutics (NVIV) had a strong day's trading in the markets to close Monday's session a cool 22.6% higher than the previous day's close. With a higher close on heavier volume there is always the chance the stock can follow through in trading once more and set a higher price today. Traders will be looking at the 52 week price and the resistance around $2.00 for the higher closing price.
Vapor Group (VPOR) gets underway trading under a new business plan and stock name today as it enjoyed its last day's trading under the symbol (SPLI) to close yesterday. The company was higher by 48% as it switches its efforts from the e-cigarette market to the marijuana market after receiving approval from FINRA. The shorts are concerned about this stock climbing back to the previous high point of $0.40 after a couple of heavily traded green days in a row.
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Cellceutix Corp (CTIX) also traded higher into the close yesterday as it sets up for the morning trading session. The stock was higher by 8.9% on the day on almost $2 million traded. The yearly high of $2.42 is now well in reach and the closing price of $1.83 was higher than the previous day's price of $1.68 which is a very good trading signal.
Agenus (AGEN) which trades on NASDAQ was higher once again by 19.5% on the trading day with $3.6 million exchanging hands. The yearly high is some way away here on this stock at the $5.40 level after trading down from that level just in the last month. It looks like shares may have been oversold on the way down as they look to recover off the bottom and shorts cover their positions.
Magellan Petroleum Corp (MPET) rounds off our daily report with a close higher on the day by 10.95%, and with $2.34 being the yearly high it looks like this stock has the potential to break through that level in trading today. The volume was also heavy with just under 3 million exchanging hands throughout the session.
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