TUFF - Tuffnell, Ltd. is making a move today as penny stock traders have pushed the stock up about 20% so far on 3.7 million shares traded. This is above average volume for TUFF which has averaged 2.25 million shares traded over the last three months. Tuffnell is a mineral mining company with focus being on gold.
Buying pressure has so far overcome selling pressure but there has been some pressure from sellers, evident by the long lower shadow on today's candlestick. TUFF's 52 week high is .32 with a 52 week low of .11. If buying pressure continues and this move turns into more than a one day run, the 52 week high could be breached possibly next week. The stock did gain a new support level around .16 in March, up from previous support at.11. TUFF made a run in Feb. up to as high as .27 before pulling back and establishing support at .16 The stock made a two day run in late March back to the .27 area before pulling back and basing again. Penny stocks traders may want to keep TUFF on scans as a possible breakout stock.