Gramercy Capital Corp. (GKK) close to breaching breakout level

Gramercy Capital Corp. (NYSE: GKK) has zoomed past the 50 days and 200 days MA in Thursday's session, as the Gramercy Capital Corp. (GKK) stock has already mopped up gains of almost 33% by afternoon trades to $3.07.

The fact that Thursday's volume in Gramercy Capital Corp. (GKK) stock have been coupled with strong volumes gives hopes that the stock may manage to reacha breakout region.

The small cap Gramercy Capital Corp. (GKK) stock has a market capitalization of $153 million and will reach a breakout zone past its 52 weeks high of $3.42.