FTWR" src="http://stock-tipper.com/wp-content/uploads/2011/06/FTWR011.png" alt="" width="479" height="277" />FTWR - Google Finance" href="http://www.google.com/finance?q=ftwr">FiberTower Corporation FTWR is a stock that I FBTR" href="http://stock-tipper.com/2011/05/31/fibertower-corporation-nasdaqftwr-a-strong-surge/">wrote about in late March. At the time, my scanner had picked up on a rally in the stock which was also backed up by a large increase in trading volume. On the day I wrote about the stock, further gains were made and the stock closed strongly at $1.85.
Since then there has been a blow off and profit takers drove the stock back to lows of $1.12 recently.
Yesterday, buyers made a comeback and once again the rise in the stock price was backed up with a huge surge in trading volume. In my initial post I failed to find a reason for the surge in trading activity. Once again I have come up scratch!
The chart on the other hand tells a very different story!
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