Lighting Science Group Corporation (OTC:LSCG) has been moving in a range between $2.38 and $2.55 in the last couple of days.
Last week, the company issued another piece of news but the same day the stock finished 3% lower on a volume of 38 thousand shares. Measured with the 3-month average, this was a two times lower activity.
LASG announced it had upgraded the first of many retail locations operated by Villa with high-performance and ultra-efficient LED bulbs.
Trending indicators made bearish cross around the beginning of October. At present, both the MACD and 4-and 9-MA keep this stance. The non-trending RSI is neither in the oversold nor in the overbought are, which gives no clue to the day traders.
In the last session though, LSCG finished 4% higher on a volume of 124 thousand shares. This showed that buying pressure has formed in the lower end of the trading range.
