The following stocks gapped up significantly at the open on March 28: Amylin Pharmaceuticals, Inc, Pentair, Inc, Zoltek Companies Inc, Robbins & Myers Inc, and Frontline Ltd. 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 Amylin Pharmaceuticals, Inc (AMLN) opened higher by 48.34% and are currently trading at $22.11. In the past year, the shares have traded as low as $8.03 and as high as $18.45. On average, 3830420 shares of AMLN exchange hands on a given day and today's volume is recorded at 6742381. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $15.61 area where the stock will likely see buying pressure.
Shares of Pentair, Inc (PNR) opened higher by 16.92% and are currently trading at $47.1. In the past year, the shares have traded as low as $29.40 and as high as $41.73. On average, 506340 shares of PNR exchange hands on a given day and today's volume is recorded at 1565871. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $38.40 area where the stock will likely see buying pressure.
Shares of Zoltek Companies Inc (ZOLT) opened higher by 11.97% and are currently trading at $11.58. In the past year, the shares have traded as low as $5.60 and as high as $15.01. On average, 472380 shares of ZOLT exchange hands on a given day and today's volume is recorded at 277249. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $10.99 area where the stock will likely see buying pressure.
Shares of Robbins & Myers Inc (RBN) opened higher by 8.95% and are currently trading at $49.63. In the past year, the shares have traded as low as $31.48 and as high as $55.52. On average, 513110 shares of RBN exchange hands on a given day and today's volume is recorded at 253575. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $48.79 area where the stock will likely see buying pressure.
Shares of Frontline Ltd (FRO) opened higher by 7.98% and are currently trading at $7.83. In the past year, the shares have traded as low as $2.52 and as high as $24.87. On average, 2582330 shares of FRO exchange hands on a given day and today's volume is recorded at 1282101. 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 $6.80 area.
