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Buyable Gap Up - ACIA Update 10-5-16

Published : October 5 2016 at 9:31 ET

We mentioned Focus List stock ACIA in Monday's report as one to watch as it was nearing its 50-day moving average. Tuesday, it opened at its 50-day then continued to trade higher from there. Today, it is looking to gap higher on news the company has revised quarterly earnings higher. This is the second time the company has guided earnings higher in just over a week.

Whether or not you already own ACIA, today's gap higher is a buyable gap up.


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