UNDR | Undersea Recovery Corp. Breaks 200-Day Moving Average

UnderSea Recovery Corporation UNDR

Yesterday we stated that we were looking for UNDR to break past resistance at .0017, and indeed it has done just that. The stock has now breached the level of its 200-day moving average (.0018), and trades are now going off at .002.From yesterday’s low of .0009, UNDR has gained 122% overnight!

Moving forward, we’d like to see the stock hold above the 200-day moving average, building a higher level of support.

With volume trading well above average, this is one liquid sub-penny. We sincerely hope we were not the only ones who were able to capitalize on these explosive gains.