Nicholas Financial Breaks Out

Shares of Nicholas Financial (NICK) seem to be breaking out today. It’s still early but the trading looks very good. As I write this, NICK is at $7.98. The stock hasn’t been over $8 since 2007.
Today’s volume is over 23,000 which is very high. This is unusual for not being near earnings. NICK usually trades around 2,000 to 5,000 shares. The spread has narrowed to just four cents.
I guess someone is buying!

Posted by on April 7th, 2010 at 10:44 am


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