Zoom Technologies (ZOOM) To Witness Sell Off On Every Recovery Till $11.30

Zoom Technologies (NASDAQ: ZOOM) climbed 30.8%, to $7.98 after the company filed a presentation with the SEC it will make at upcoming conferences. In the presentation, Zoom Technologies (ZOOM) has made reference to Google's (NASDAQ: GOOG) Android operating system, an indication it could incorporate the software for its own Leimone brand of mobile devices.

The volume of Zoom Technologies (ZOOM) breached 922,000 shares, compared to the 50-day average daily volume of 50,000 before mid-day trading. Zoom Technologies (ZOOM). The stock, however, is likely to face sell off on every rise since it earlier retraced from $11.30 in last November.