Star Scientific (CIGX) Shows Strength on Move Above Key Level

May 24, 2012 12:17 PM EDT
Star Scientific (Nasdaq: CIGX) shares are holding above the $5.75 price level Thursday, though shares have been active on the move. The stock is up about 6 percent on the session, its highest level since mid-March.

Market data has Star Scientific volatility up 10.2 percent from Wednesday's close, though its still below its annual daily average.

Over the last few months, the $3.70 level has been an activity point for Star Scientific, either serving as a support or resistance level.

Shares are comfortably above their 50-day SMA, currently at $3.29.


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