Surprising Price Movement Encountered - (NASDAQ: KIOR)

NASDAQ (NASDAQ: KIOR): traded higher by 15.28% or $0.755/share to $5.70. In the past year, the shares have traded as low as $3.82 and as high as $11.58. On average, 201934 shares of KIOR exchange hands on a given day and today's volume is recorded at 426713. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $5.85 represents resistance and the 50-day moving average of $4.89 would be an area of support.