Yesterday, High Plains Gas Inc (OTC:HPGS) bounced off the 50-MA, giving another positive technical impulse to market speculators.
The impulse was reflected by the increased trading activity which was measured by more than 3.3 million traded shares.
FINRA reported 1.3 million shares in short volume for the day, which is 41% of the total volume.
Apparently, there was a lot of buying pressure on the stock as HPGS surged 45.96% during the day and closed the session at $0.1299.
HPGS was additionally supported by a press release that was published yesterday. The publication pointed that HPGS was featured in research reports by a penny stock consulting site.
The forthcoming sessions will show whether HPGS will keep the high interest in its stock as underlined by its technical set-up.
