Mid-Day Volume Watch Alert On: (NASDAQ: SCRA), (NASDAQ: RIMM)
SecureAlert Inc. (OTCBB: SCRA), a company engaged in the marketing and deployment of offender management programs, is flat in mid-day trading today after posting significant gains in the previous three trading sessions.
Last Friday, SCRA rallied, finishing the day 65% higher. On Monday, SCRA had finished more than 12% higher. The stock extended its gains in Tuesday’s trading session, gaining over 8%. The stock is currently trading at $0.0401, unchanged from the previous day’s closing price. The stock has crossed its 50-day and 200-day moving averages as a result of the three-day rally. The stock could see a pullback as traders book profit following three straight days of gains.
Research In Motion Limited (NASDAQ: RIMM), the maker of BlackBerry smartphones, is marginally lower in mid-day trading today. At last check, RIMM was trading 0.87% lower at $12.48 on volume of 12.36 million, which is a little over a third of the daily average volume of 36.38 million.
RIMM has slipped in trading today after the company was charged with Bluetooth patent infringement by Wi-Lan. However, RIMM has had an excellent run since November. In the last one month, the stock has gained more than 41%. The stock has been gaining momentum as investors are hoping that the launch of new BlackBerry smartphones and new operating system next month will help the struggling company’s turnaround efforts.
RIMM will report its third-quarter results next week.
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