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.
Although Reddy ice would appear to be a solid company beside the fact that it has a enormous amount of debt for this reason' I canot be to excited about the company.
ReplyDeleteLovely...very interesting.
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