Market Reaction:
On Wednesday, FTEG stock moved up 75% at $0.0004 with more than 1.64 billion shares, compared to its average volume of 308.75 million shares. The stock has moved within a range of $0.0002 – 0.0004 after opening the trade at $0.0003.
Sometimes a big move in a stock may appear completely random and speculative but the magnitude of the move may make it necessary for investors to take note.
Such a move was noticed in the Integrity Health Corporation (OTCMKTS:FTEG) stock on Wednesday as investors piled on to the stock in a big way and sent it soaring by as much as 75%. The gains are clearly impressive but at the same time investors cannot discount the fact that the stock rallied despite there being no news at all about Integrity Health Corporation.
Latest Development
As it happens, the last time any news emerged about the company was back on August 5 this year when Integrity Health announced that it had appointed Patty Hill as the new Director of Medical Sales.
While it is true that the appointment was a vital one for the company and may have a long term effect on the company’s prosperity, it is unlikely that it was the reason behind Wednesday’s rally. In this situation, it might be a good idea for investors to keep a close eye on the news wires with regard to Integrity Health and tread a bit carefully before making any moves on the stock.
Traders Note:
BBBT stock is trading above the 20-Day and 50-Day Moving averages of $0.0004 and $0.0003. However, the stock is trading below 200-Day moving average of $0.0008. The stock is up 3% in the past month.
