LiveDeal Inc. (NASDAQ: LIVE), a provider of local customer acquisition services for small businesses, is sinking in mid-day trading today, reversing some of the gains from the previous trading session.
LIVE is currently trading 9.84% lower at $4.50 on above average volume of 65,603. Despite the sharp decline in trading today, LIVE is still up nearly 21% in the last three trading sessions, thanks to the huge rally on Monday.
LIVE had finished nearly 41% higher on Monday, however, it is not clear what sparked the rally. LIVE rallied on Monday after trading in a tight range for over a month. The stock broke through $4 resistance level as a result of the sharp rise on Monday. This is a bullish signal. Technical indicators point to further gains. The stock could see a rebound in the next few trading sessions.
Find out if LIVE could bounce back in the upcoming trading sessions by getting the free full report here: http://www.monstertradingalerts.com/market-scan/?symbol=LIVE
VeltiPlc (NASDAQ: VELT), a global provider of mobile marketing and advertising technology and solutions, is marginally lower in mid-day trading today after posting significant gains in the previous trading session. VELT had finished more than 18% higher on Monday after the company announced the appointment of Jeff Ross as its new Chief Financial Officer (CFO).
Ross, who has over two decades of international finance experience, became the fourth senior executive to join VELT’s top ranks in the past six months.
Following Monday’s rally, VELT is currently down 0.88% to $4.51 on volume of 611,143, which is below the daily average volume of 2.23 million. VELT has broken through $4.50 resistance level, which is a bullish signal. The next resistance level for the stock is at $5. A strong bullish trend will be established if the stock breaks through this level.
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SOURCE Investor Alley, Inc.