As the share price and volume gain momentum daytraders will flock to, not avoid this stock. They are good in that they create upward pressure and their selling results in a step down to lower levels but the key here is to watch for higher highs and higher lows. Traders make money from momentum stocks and this is definitely one. They will take advantage of the interest but will not sustain their positions longer than a few hours to a few days if they swing trade this. It is far healthier to see the step up, then a slight step back, like a staircase rather than straight up. Straight up volume plays quickly run out of momentum and often will crash far harder than a simple step back. This is a healthy trend.
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Baltia Air Lines Inc (BLTA) Stock Research Links
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