In the last four days, Vycor Medical Inc (OTC:VYCO) kept generating trading volumes higher than the daily average. These volume accumulation was accompanied by a slight price increase, which means that the stock has started to attract more buyers.
There are no recent events, whose effects can be attributed to the stock surge. Therefore, the climb of VYCO is most likely an echo of the announcement which came out two weeks ago.
On June 08, the company announced the completion of an equity capital raise. According to the press release, VYCO had sold units of preferred shares and warrants to accredited investors for the amount of $1.570 million.
This news apparently had stirred the investment circles and thus a moderate stock rush happened after 
VYCO extricated itself from a couple of empty trading sessions between Jun 03 and June 09. In the last session, VYCO generated a volume of 2.2 million shares, which is more or less three times higher than the daily average. At the same time, the share price rose 3% at $0.031. [BANNER]
From a technical point of view, the short-term moving averages made a bullish cross last Monday, portending the followed stock surge. As to the MACD, the indicator was not in favor of the bulls until last Friday, when it touched its moving average and made investors wonder if it is going to make a bullish cross in the following week.
Although VYCO surged on the issued press release, investors should bear in mind that the issued units of warrants can entail some sort of dilution in the future. But at present, the signals from the stock chart are enough to provide a guiding light for those interested to invest in the stock.
