Breaking Finance News

BREAKING- Reliv International up 138 Percent in 4 Days (RELV)

Shares of Reliv International (NASDAQ: RELV) are up another 14 percent in late Wednesday trading on no known news. Since the company announced that it had secured the license to develop lunasin, a naturally occuring substance linked to the health benefits in soy, the stock is up 138 percent.

The $44 million company has traded 666,000 shares Wednesday–much higher than its average of 29,000.

Much like the recent move higher in USEC (NYSE: USU) this stock is due for a pull back to facility profit taking. A long position in the name would be ill-advised at these levels.

We reported on Reliv International on Tuesday. Click here to view the post.

[stock-tools exchange="NASDAQ" symbol="RELV" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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