Yesterday, a trade alert jumped in the trade of 3DIcon Corp (OTC:TDCP) stock around 13:30 p.m. EST. However, instead of going up the price graph curved down after the intrusion of the alert. At the same time, the volume graph indicated an increased trading activity after the trade alert was issued.
Nevertheless, TDCP still managed to finish 175 higher at $0.011 on a volume of 4 million shares. The trading volume was 2 times higher than the daily average. The FINRA website shows that 1.6 million of that shares were part of the short volume for the day.
Yesterday, TDCP issued an 8-K containing an overview of the recently held shareholder’s meeting. The issued document might have effect on the share price of the company. However, when asked what had happened to the stock’s price, the company said that “the prices for penny stocks for development stage companies are highly volatile”.
As to the trade alert, it was issued by Wise Alerts. The promoter states he has not been compensated for the service.
The deep plunge which TDCP stock took recently and from which it has been recovering in the last few days has been supported by a declining MACD indicator. After TDCP finished on green ground yesterday, the MACD made a bullish cross. Therefore, speculators will probably focus their attention on this set up in the short term.
