International Monetary Systems, Ltd. (OTC:ITNM) hit a 52-week high on the last trading session. The stock went up 2.05% to $1.99 on a volume of 45 thousand shares. The generated volume was three times higher than the daily average.
Later on when the short volume data was published by FINRA it turned out that the whole volume for the day was generated through short transactions.
Nevertheless, yesterday the achievement of ITNM stock was published on the OTC Markets on the news section. This act probably aimed to attract more attention to the stock.
Earlier this month the company also announced the kick-off of its upcoming holiday expo season. The first of the expos will be held on October 15.
ITNM has skyrocketed since August when it broke the psychological $1 line. At present trending indicators such as the MACD and short term moving averages are still in bullish mode. However, the last peak of the MACD was lower than the previous one which may force investors to be more careful in their decisions especially now that ITNM has hit another 52-week high in a row.
Now we know that international Monetary system is not the same thing as the international montary fund.
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