Unexpected Price Movement Observed In (NASDAQ: GTAT)

NASDAQ (NASDAQ: GTAT): traded higher by 16.34% or $0.59/share to $4.20. In the past year, the shares have traded as low as $2.61 and as high as $7.33. On average, 3262680 shares of GTAT exchange hands on a given day and today's volume is recorded at 3714774. 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 $3.4472 area.