National Asset Recovery Corp (OTCMKTS:REPO) was in special focus on Monday as the stock made a big move on very unusual volume. Moreover, the stock made a new high in the previous trading session.
REPO stock closed higher by whopping 907% to $0.30 and made a new high of $0.44. 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 14.02 million shares, compared to its average volume of 222K shares.
So what triggered such a big move? Well, there was no news and as we all know penny stocks often do not 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 last news released by the company was back in 2019. The company has a market capitalization of $166.24 million (based on the closing price on June 28, 2021).
National Asset Recovery Corp. does not have significant operations. The company intends to evaluate various business opportunities. Previously, it operated as a forwarding company for the repossession of motor vehicles, luxury assets, and heavy equipment.
Pivot Points
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
| Classic | -0.3283 | -0.1467 | 0.0767 | 0.2583 | 0.4817 | 0.6633 | 0.8867 |
| Fibonacci | -0.1467 | 0.0080 | 0.1036 | 0.2583 | 0.4130 | 0.5086 | 0.6633 |
| Camarilla | 0.1886 | 0.2258 | 0.2629 | 0.2583 | 0.3371 | 0.3743 | 0.4114 |
| Woodie | -0.5695 | -0.2672 | -0.1645 | 0.1377 | 0.2405 | 0.5427 | 0.6455 |
| DeMark | – | – | 0.1675 | 0.2583 | 0.5725 | – | – |
 Stock Jumps To New High: What’s Going On?){kind=link}