Last Friday the Tonner One World Holdings Inc (OTCMKTS:TONR) stock managed to make a strong come back after having been in a bit of a slump in the previous days and delivered gains of as much as 34%.
Market Action:
On Friday, TONR stock surged 33.80% at $0.0095 with more than 327.10 million shares, compared to its average volume of 179.86 million shares. The stock has moved within a range of $0.0070 – 0.0108 after opening the trade at $0.0071.
Major Development
However, at the same time, it is also important to keep in mind that over the past week the stock is still down by 25%. While the recovery in the stock may have come as a boost for many investors in Tonner One World it is also important to note that there was no material news about the company that might have led to such a rally.
However, at the same time, it is important to remember that in the early part of last month the stock had attracted legions of new investors and had ended up making a big move.
Even then there was no specific news about the company but it had attracted the attention of some of the heavy hitters from among penny stock traders. In addition to that, the stock was also being accumulated heavily. In that sort of a situation, it might be a good move for investors to add the stock to their watch lists.
Technical Data
TONR stock is trading above the 200-Day and 50-Day Moving averages of $0.0024 and $0.0064 respectively. However, the stock is trading below the 20-Day moving average of $0.0106. The stock is up 1800% in the past 3-month.
