Yesterday, NewMarket Technology, Inc. (PINK:NWMT) rose 50% on a volume of 387 million shares. That was a record volume day for the company. Almost half of the official number of shares outstanding was turned over as investors were expecting the promised webcast form NWMT CEO Bruce Noller.
Last Friday, a press release announced the webcast was scheduled for May 27. It was to discuss the company’s financial performance for the first quarter of 2011. According to the annual report, NWMT has finished the last fiscal year with $118 million in revenue and $2.6 million in net income.[BANNER]
Unfortunately, even the encouraging financial achievements didn’t prevent the the company from plummeting to the ultimate depths of the chart. NWMT stock anchored into the triple zeroes area three months ago and is currently trying to push up again.
Yesterday, the stock touched the 50-MA and closed above it. But it will take more than one 
day in order to see if NWMT will make a convincing victory over the resistance of the moving average.
It appears that traders are seeking for a more convincing stimulus than the company’s profit and revenues from the last year in order to invest in NWMT. The recent accumulation of heavy volume was probably the force that gave NWMT strength to make some steps upwards. The future of the stock, however, is utterly uncertain at this point.
