First noticed this one back in April in the stock table's new high list. It started falling back down from 7.50 to 4.50 in July, but I kept my eye on it. It started coming back alive in August, but I was leary of the overall market. However, I now believe that the mini-bear we were in since May is over based on the new hi/new low list and the number of stocks that are in 'bull mode' vs. 'bear mode'. Last week I made up my mind that I would by NNBR if it hit 8.50 again and put in a gtc buy stop. The trade was executed today at 8.43.
This thing's really jumping today, but there doesn't seem to be any news to accompany the rise. I actually like it that way, the less news the better, but do any of you ET'ers have anything on this one?
Close above 13 today, sweet! I haven't bought anymore, even though I had an opportunity to do so. I don't want to chase it right now, so I'll just let it ride as it is.