EMAMBA INTERNATIONAL (EMBA) Continues To Soar
Shares of EMAMBA INTERNATIONAL CORP (PINK:EMBA) have been showing very bullish signal over the past one week with the increasing volume and sharp jump in prices.
EMBA stock started to move higher from Aug 30, 2011, when it was hovering around $0.44 level. EMBA stock climbed 16% on the same day on over 1 million shares. Next day, EMBA stock gained further about 14% to $0.58.
Then EMBA stock witnessed a 38% gain on Sep 6, 2011 on volume of over 1.11 million shares exchanged hands. In yesterday’s session the stock fell on profit and ended 15% lower to $0.63 with volume of over 2.40 million shares, which was the highest volume in the past 3 trading week.
Moreover, EMBA stock has climbed 153% in the past one month of trading session. The stock has 52-week range of $0.03-$0.98. EMBA has market capitalization of $29.6K. This morning EMBA stock is showing very volatile price movement and trading higher by 4.44% near to day’s high of $0.66. Earlier in the session, EMBA stock had fallen by 10% to $0.55.
EMBA Stock Stays Hot
The latest press release issued by EMAMBA INTERNATIONAL CORP (PINK:EMBA) was on Aug 29, 2011, where it stated that it had opened 70,000-square-foot North American business and operations center.
On the technical basis, the RSI is trading above 64, which is showing the buy signal. All the MACD indicators are trading above the power zone with 12-Day MACD lying above the 26-Day MACD, which is again the bullish signal.
EMBA is engaged in providing cloud-based business software and after-sales customer services.
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