ELTP Finished Strong After Pullback

ELTP - Elite Pharma buyers came into the stock meeting little if any selling pressure today after the pullback yesterday. Penny stock traders appear to still be interested in ELTP and have kept the current uptrend intact. The stock opened the day at .197 and printed a low of .195 before buying pressure overcame what little selling was present and closed the day up 12.44% at .217. Next week we will most likely determine if the uptrend will stay intact and all indications are that it will. Traders should continue to keep ELTP on their screens for a trend continuation trade.