CTIB Resumes Momentum Run

After seeing some profit taking yesterday, CTI Industries Corp. (Nasdaq: CTIB) is back on fire today - currently 35% higher. The momentum players have been in control of the name since Tuesday, driving it up from its Monday close of $1.50. We are tagging the stock with our 'speculative excess ' award as the stock is moving on little fundamental changes and financials that look pretty weak. Please note that this stock can continue to move higher since the float is so low and can easily be pushed around, but soon enough the players pushing the stock will move on and the stock will likely drop. Whether that happens here or at $20 share is the question.

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