VuMee Inc (OTCMKTS:VUME) was in special limelight on Thursday as the stock witnessed a huge rise in price along with massive volume. Moreover, the stock almost reached near to its new high in the previous trading session.
VUME stock closed higher by a whopping 694% to $2.95. What is more interesting is that the stock had witnessed its highest one-day volume at least in the past year. Total volume for the session stood at 171K shares, compared to its average volume of 1.80K shares. The stock had started the session with a minor jump and picked up momentum in afternoon trading as the stock went up as much as 840% to the session high of $3.49.
So what triggered such a big move? Well, there was no news and as we all know penny stocks often do need news to trigger a big move.
But, one should note that the company does not have any active official website, and one needs to be careful while trading momentum-driven penny stocks. The company had a market capitalization of 1.77 million (based on the closing price on June 17, 2021).
Pivot Points
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
| Classic | -2.0532 | -0.8365 | 1.0567 | 2.2734 | 4.1666 | 5.3833 | 7.2765 |
| Fibonacci | -0.8365 | 0.3514 | 1.0854 | 2.2734 | 3.4613 | 4.1953 | 5.3833 |
| Camarilla | 2.0948 | 2.3799 | 2.6649 | 2.2734 | 3.2351 | 3.5201 | 3.8052 |
| Woodie | -4.2847 | -1.9523 | -1.1748 | 1.1576 | 1.9351 | 4.2675 | 5.0450 |
| DeMark | – | – | 1.6651 | 2.2734 | 4.7750 | – | – |
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