Seven Arts Pictures Explodes Higher

Shares of Seven Arts Pictures SAPX are ripping higher this morning; Currently, shares are up by 58.97%, trading at $1.24. The stock has now breeched the 13-day moving average, which could trigger a continuation bid. Seven Arts Pictures spiked to $5.75 in late-July and has been basing lower ever since. If appears that shares are sufficiently bottomed and ready to make another run. Note that stock volume in Seven Arts Pictures is already running at 2.34x the 10-day daily average. Disclosure: Writer or relative may have a position on in above security. Data Sources: WhatsTrading.com, finance.yahoo.com, etrade.wallst.com