The following stocks gapped up significantly at the open on April 5: Himax Technologies, Inc, Lake Shore Gold Corp, National Bank of Greece SA, Gold Resource Corp, and Preformed Line Products Co. 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 Himax Technologies, Inc (HIMX) opened higher by 7.81% and are currently trading at $2.25. In the past year, the shares have traded as low as $0.97 and as high as $2.42. On average, 627130 shares of HIMX exchange hands on a given day and today's volume is recorded at 620567. 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 $1.72 area where the stock will likely see buying pressure.
Shares of Lake Shore Gold Corp (LSG) opened higher by 7.29% and are currently trading at $1.01. In the past year, the shares have traded as low as $0.93 and as high as $4.51. On average, 324780 shares of LSG exchange hands on a given day and today's volume is recorded at 72797. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $1.39 area but be careful because the stock may face selling pressure at this level.
Shares of National Bank of Greece SA (NBG) opened higher by 6.16% and are currently trading at $2.22. In the past year, the shares have traded as low as $1.64 and as high as $9.40. On average, 1479530 shares of NBG exchange hands on a given day and today's volume is recorded at 143422. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $3.25 area but be careful because the stock may face selling pressure at this level.
Shares of Gold Resource Corp (GORO) opened higher by 5.84% and are currently trading at $25.49. In the past year, the shares have traded as low as $14.87 and as high as $30.81. On average, 138500 shares of GORO exchange hands on a given day and today's volume is recorded at 113696. 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 $25.10 area where the stock will likely see buying pressure.
Shares of Preformed Line Products Co (PLPC) opened higher by 5.64% and are currently trading at $63.0. In the past year, the shares have traded as low as $40.66 and as high as $78.44. On average, 5130 shares of PLPC exchange hands on a given day and today's volume is recorded at 400. 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 $65.67 represents resistance and the 200-day moving average of $59.63 would be an area of support.
