Lightwave Logic surges 8.0% on high volume rising for a fourth consecutive day, a four day rise of 35.0%
Support: the support price is hovering at the 63.0c level. Volume traded at the strong support price zone was 1.1 times average during the seven occasions when the support price was breached. In the last month the lowest price was 63.0c on Dec 08. The second lowest was 63.0c on Dec 09, the third lowest was 64.0c on Dec 01, the 4th at 64.0c on Nov 29 and the 5th at 64.0c on Nov 30.
Resistance: resistance is apparent at US$1.57. Volume was 19.0 times average during the single occasion when the resistance price was breached in the last one month. In the last one month the high was at US$1.57 on Dec 27.
Rises to Falls: In the last three months the number of rises outnumbered falls 25:22 or 1.1:1.
Trailing month: in the last 21 trading sessions there has been a net rise of 104.24%; the stock has advanced 16 times and the biggest one day rise was 28% on Dec 15.
Volatility: the stock traded between an intraday low of US$1.26 and eleven-month high of US$1.57. The price range has expanded in the last two days (from 10.0c two days ago to 30.0c today) which, accompanied by a price rise, is a bullish signal. Today its volatility of 24.6% was 16.5 times its average volatility of 1.5%. A price rise on high volatility is a bullish signal. The average daily volatility of 8.5% places the stock in the 3rd quartile in the market meaning it is mildly volatile.
Volume: there were 733,775 shares worth US$990,596 traded. The volume was 18.98 times average trading of 38,665 shares.
% Discount to high: the last price is at a discount of 14.6% to the 12-month high of US$1.58 eleven months ago on 25 Jan, 2011.
Volume weighted price (VWP): the price is at a premium of 21.6% to the 1-month volume weighted average price of US$1.11. Given that this premium has been under 21.6% sixty times and over 21.6% sixteen times in the last year, the downside:upside probability is estimated at 60:16 or 3.8:1.
Standard Deviation (SD): SD is a statistical measure of deviation from the mean. The SD of 5.0% gives it a percentile rank of 22 meaning that 22% of stocks in the OTC market are less volatile than this stock.
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