After a short break out last month, Sunwin International Neutraceuticals Inc (OTC:SUWN) has retreated back to its previous trading range. Apparently, after that move the market interest towards the stock tapered off, which is shown by the diminished trading volume.
The last three sessions of SUWN were marked by lower than the daily average trading activity. For three weeks now, the stock has been fluctuating in its trading channel without being able to surmount the borders at $0.34 and $0.38.
In the last two trading sessions, the support line was successfully tested again. However, it seems that market speculators do not find this set up exciting enough and have pulled backed from the stock.
On Wednesday this week, the trading volume barely reached 12 thousand shares and on Thursday only 1,600 shares were exchanged.
During this two-day period, SUWN stock value slid slightly down from $0.36 to $0.34.
There was more conspicuous volume at the beginning of the week when the company announced it had entered into an agreement to supply its stevia extracts to Domino Foods Inc. and its affiliated companies.
The volume generated on the day of the announcement reached 340 thousand shares, which was above the daily average.
