Yesterday, Diamond Information Institute, Inc (PINK:DIII) attracted huge investor interest which resulted in a titanic trading volume. In fact, the company set e record high activity with a nearly 145 million share turnover.
The intraday chart of the stock for the day reveals that the market participants were predominantly buyers who created an upward pressure for the share value. The result was a 25% surge of DIII stock which closed the session at $0.001.
Trying to decipher the reasons which cause the exaltation of DIII is a not an easy task, though. For the company hasn’t issued any recent news, nor has it filed any reports. In fact, DIII is a limited information company which can as well be the sole reason for the stock surge, meaning that such companies very often deliver a puzzling performance on the market. [BANNER]
The technical configuration of DIII stock chart was not very helpful either. Despite the increase in the stock value, the MACD indicator kept its bearish configuration. On the other hand, the short-term moving averages made a bullish cross, but the chart candles are still under the MA lines.
With all this mind, it seems that DIII is a suitable venue for those who are not afraid of high risks. In fact, this is just a variation of the SEC warning attributed to the all limited information pink sheets companies on the market.
