Erickson Inc. Pops And Drops

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Erickson Inc. (NASDAQ: EAC) shares are trading higher by $0.54 at $1.09 in Tuesday's session. The catalyst for the 100 percent move is the announcement that the company has secured to two contracts with the US Navy Military Sealift command.The news instigated a much higher at $1.66 compared with Monday's close of $0.55. It continued another $0.19 higher before sharply reversing course. That high coinicdes with several highs in that area for most of March. Since making that high it has contineud to make news for the day, with current low standing at $1.05.

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