The intraday low which Signature Group Holdings, Inc. (PINK:SGGH) hit yesterday, marked another 52-week low for the company’s stock.
SGGH felt irresistible selling pressure throughout most of the last trading session. However, in the last trading hours a couple of heavy volume transactions pushed the share price sharply up, thus SGGH finished 4% up for the day.
Summarily, 450 thousand shares changed hands during the day, 100 thousand of which were part of the short volume as indicated by FINRA.
After SGGH finished the session on a positive note, the bearish signals from trending indicators weakened. However, it will take one or two more sessions to see whether the indicators will form bullish crosses or not.[BANNER]
Two weeks ago, SGGH announced the 
acquisition of North American Breaker, Inc. This news, however, neither stopped the decline of SGGH, nor did it bring more volume into the trade. The increased trade happened only after SGGH seemed to consolidate at $0.46, where the stock bounced four times in a row.
Apparently, the expectation for a bounce-off stimulated more investors to enter the trade. Thus, the trading volume in the last session jumped more than three times the daily average. However, it seems that SGGH meets serious resistance at $0.5 for now and if SGGH continues to bounce back at this level investors may get discouraged to support the stock.
