Motricity Shares Spiking
Shares of Motricity (NASDAQ: MOTR) are hitting new intraday highs, currently trading up 8.1% from yesterday's close to $8.37. The stock had been trading in negative territory for most of the session, but heavy buying volume began to push shares higher at 12:05pm.
The stock has been bouncing off key support around $7.50 for the past twelve trading sessions. The next level of resistance comes into play at $8.45.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.