On February 22nd, we caught MBOT (Microbot Medical Inc.) in our trading room as it moved up with strong volume. According to streetinsider.com, MBOT is a “medical device company specializing in the design and development of transformational micro-robotic medical technologies” and had announced they’ve been issued a Notice of Allowance for a technology patent by the U.S. Patent and Trademark Office.
This good news was reflected in the stock price as it quickly moved around $3 per share within the first hour and a half of the market open. MBOT respected the whole and half dollar levels well and allowed for many trading opportunities from the open. Most of the time, one only needs to find a single stock that moves well in order to succeed at making the ‘days’ pay’ and in the case of MBOT, only a fraction of its first hour gains would have satisfied that goal. There’s no need to sit at the computer the entire day and grind out trades when the bulk of the move is finished before lunchtime!