ZMGDPeople were disappointed in the price action in ZMGD on Thursday. This stock had great potential to move higher. On Wednesday, it traded almost 2 million shares and tested resistance at
.022. But investors could not maintain that momentum and there was strong selling pressure at the open yesterday. The sudden drop triggered our stop-loss at
.017. This stock traded in a tight range, so people wanted to control our risk. Although we are out of this one, we will keep it on our radar to see if there’s another opportunity to make money.