Reddy Ice Holdings, Inc (PINK:RDDY) Slides in A Trading Range

Reddy Ice Holdings, Inc (PINK:RDDY) has put a pause to its ascension and is now sliding in a trading range between $0.4 and $0.5.

On Friday the trading activity with RDDY stock was higher than usual. More than 328 thousand shares were exchanged which is two times higher than the daily average.

After starting at $0.3801 the stock closed the session at $0.44 which is 15.76% higher than the previous close.

According to the official short volume data published by FINRA roughly 90 thousand shares were exchanged in short transactions during the day.

The stock has been left to free float on the market without any fundamental influence from news or reports.

RDDY was supported by the MACD indicator during its climb in the first half of January. However, the MACD has taken a neutral stance at present which makes it even harder to guess the next move of the stock.

Laser EnergeticsS Inc (PINK:LNGT) on Speculative Ride

Laser EnergeticsS Inc (PINK:LNGT) has been climbing up this week with the support of a much higher than usual volume.

Throughout the whole week the trading volume of LNGT stock was above the 3-month daily average.

On Monday and Tuesday the market registered trading volumes of 815 thousand and 597 thousand LNGT shares respectively.

Yesterday the volume hit an even higher number of traded shares. At the closing bell more than 1.2 million shares of LNGT common stock were exchanged.

During the week the share price rose from $0.05 to $0.074 with three consecutive jumps of around 14%.

Two days ago LGNT broke an important resistance at $0.06 which could have spurred more investors into the trade explaining the huge volume on Wednesday.

Unfortunately, the momentum ride of LNGT seems very speculative at first glance as there has been no news, reports or promotions on the horizon for several months now to provoke such kind of surge.

In fact LNGT is marked with e red stop sign on the OTC Markets to reflect its limited information status. The OTC also warns that the company may not be making material information publicly available.

Thus, even though the stock's surge may be luring many market speculators, LNGT may not be suitable for the risk intolerant investors.