MYRY released a press release stating that they had acquired the MyMobiPoints mobile technology for iPhone. This brought a buying frenzy making the company stock to close 26.00% with 865,258 shares traded, which is much more than the average.
The sheer size and profits on the stock chart shows huge accumulation, which can dramatically increase the value of the shares of the company. All short term momentum indicators are bullishly also read. The closing price of the company today exceeded the 200 day simple moving average, which is also an important level. TopInvestmentAlerts has a bullish outlook on MYRY.
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