Versar, Inc. VSR
During yesterday’s session wherein the markets in general essentially got crushed, one of the plays we were tracking managed to buck the trend, turning in a pretty impressive performance for the day.
After initially tagging VSR in Tuesday’s report because of some big swings we had witnessed prior to that, the stock found support at 3.70 and began to bounce.
Premarket action gave us a pretty good indicator to continue tracking it yesterday, and after a gap-up and small dip to 4.69, the stock ran pretty steadily all day long. The high came in just prior to close at 7.05, marking a 50% intraday swing, and a 90% overall move up from the low we saw on Tuesday.
The stock is peeling back slightly in premarket trading this morning, and with the kind of volatility we’ve seen out of VSR so far, it may be worth it to continue to monitor as it searches for support once again. There may be even more bounce-play potential in store for us here before the week is out.
Extended Watchlist:
OSUR, IBIO, PGNX, EGLE