Rocket Fuel Takes Off
Rocket Fuel Inc (NASDAQ: FUEL) shares are trading higher by $0.59 (25 percent) at $2.70 in Tuesday's session. There is no specific news to account for today's rally.
After a slightly higher open, it retreated $0.04 to $2.15 before resuming its move higher. So far, it has reached $2.77 and is not far off that level. That marks the highest level for the issue since it spiked to $3.15 on May 11, but gave back all of its gains by day's end.
Today's price action is taking place on much higher than average volume. So far, 2.7 million shares have traded compared to its 20-day average of 545,000.
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