The following stocks gapped up significantly at the open on March 27: Delek US Holdings Inc, VASCO Data Security International Inc, Arena Pharmaceuticals, Inc, AMAG Pharmaceuticals, Inc, and MBIA 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 Delek US Holdings Inc (DK) opened higher by 3.52% and are currently trading at $15.08. In the past year, the shares have traded as low as $9.38 and as high as $17.09. On average, 218280 shares of DK exchange hands on a given day and today's volume is recorded at 36086. 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 $13.45 area where the stock will likely see buying pressure.
Shares of VASCO Data Security International Inc (VDSI) opened higher by 3.42% and are currently trading at $10.56. In the past year, the shares have traded as low as $4.63 and as high as $14.72. On average, 255630 shares of VDSI exchange hands on a given day and today's volume is recorded at 85187. 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 $9.04 area where the stock will likely see buying pressure.
Shares of Arena Pharmaceuticals, Inc (ARNA) opened higher by 3.32% and are currently trading at $3.23. In the past year, the shares have traded as low as $1.21 and as high as $3.19. On average, 5655040 shares of ARNA exchange hands on a given day and today's volume is recorded at 7250880. 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 $1.84 area where the stock will likely see buying pressure.
Shares of AMAG Pharmaceuticals, Inc (AMAG) opened higher by 3.28% and are currently trading at $16.13. In the past year, the shares have traded as low as $12.65 and as high as $19.62. On average, 119530 shares of AMAG exchange hands on a given day and today's volume is recorded at 4873. 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 $16.40 represents resistance and the 200-day moving average of $16.12 would be an area of support.
Shares of MBIA Inc (MBI) opened higher by 3.05% and are currently trading at $9.78. In the past year, the shares have traded as low as $5.99 and as high as $13.50. On average, 2358060 shares of MBI exchange hands on a given day and today's volume is recorded at 341686. 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 $11.22 represents resistance and the 200-day moving average of $9.38 would be an area of support.
