HOT PENNY STOCK: RASER TECHNOLOGIES SHARES GAIN 50% (RZTI)

HOT PENNY STOCK: RASER TECHNOLOGIES SHARES GAIN 50% (RZTI) : Raser Technologies (NYSE:RZTI) is one of today's best performing penny stocks, up 50% to $0.32 on 1.6x average daily volume. Approximately 871,000 shares have traded hands today vs. 30-day average volume of 534,000 shares.

High volume often signals a change in trends. Shares of Raser Technologies are currently trading above their 50-day moving average (MA) of $0.19 and should find resistance at their 200-day MA of $0.41.

SmarTrend scans for speculative penny stocks under $1 for reversals in trends. A large price movement may signal continuation or reversal of a trend.

Raser Technologies is in SmarTrend's Industrial Electrical Equipment industry and this industry is currently in an Uptrend. An industry trend that matches the stock's trend helps to add conviction to the stock's Uptrend and price prediction.

SmarTrend currently has shares of Raser Technologies in an Uptrend and issued the Uptrend alert on November 02, 2010 at $0.24. The stock has risen 16.7% since the Uptrend alert was issued. For the latest updates PRESS CTR + D or visit Stock Market news Today

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