z20 Stock HITK – Hi-Tech Pharmacal Co., Inc. was up +4.71% today (09/10/09) on nearly quadruple the 3 month average daily trading volume. HITK shares opened at $21.01, fell to a low of $20.71 and then rose to a high of $22.65, finishing the day at $22.43, up $1.01 from yesterdays $21.42 close. Yesterday it was up over 4 bucks a share, having reported before the open on Wednesday.
Since this was the second opening after reporting earnings, one would have to go with the flow to trade it. A buy at the open would have brought a +7.80% gain on the day.
