The following stocks gapped up significantly at the open on March 27: Jaguar Mining Inc, EPAM Systems, Inc. Common Stock, E-Commerce China Dangdang Inc, Crocs, Inc, and RDA Microelectronics, Inc. These stocks may be up because of positive overnight news, overall market bullishness, or increased speculation. Oftentimes stocks will close the gap, meaning they will retrace to the last day's high. Thus, gap ups are often good selling opportunities but in some cases, watch for the stock to continue higher.
Shares of Jaguar Mining Inc (JAG) opened higher by 5.21% and are currently trading at $5.36. In the past year, the shares have traded as low as $4.03 and as high as $8.18. On average, 1198850 shares of JAG exchange hands on a given day and today's volume is recorded at 672307. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $5.86 area where the stock may encounter resistance.
Shares of EPAM Systems, Inc. Common Stock (EPAM) opened higher by 4.53% and are currently trading at $18.58. In the past year, the shares have traded as low as $13.25 and as high as $17.92. On average, 296890 shares of EPAM exchange hands on a given day and today's volume is recorded at 231034. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $15.04 area.
Shares of E-Commerce China Dangdang Inc (DANG) opened higher by 4.16% and are currently trading at $7.81. In the past year, the shares have traded as low as $4.11 and as high as $26.40. On average, 2667370 shares of DANG exchange hands on a given day and today's volume is recorded at 1474697. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $7.36 area.
Shares of Crocs, Inc (CROX) opened higher by 3.72% and are currently trading at $22.01. In the past year, the shares have traded as low as $14.20 and as high as $32.47. On average, 2467520 shares of CROX exchange hands on a given day and today's volume is recorded at 531088. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $21.64 area.
Shares of RDA Microelectronics, Inc (RDA) opened higher by 3.65% and are currently trading at $10.29. In the past year, the shares have traded as low as $7.06 and as high as $15.43. On average, 48320 shares of RDA exchange hands on a given day and today's volume is recorded at 10200. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $11.81 represents resistance and the 200-day moving average of $10.07 would be an area of support.
