Yesterday, The Bowser Report issued a daily mover alert on Direct Insite (DIRI) and Spar Group (SGRP), both of which gained over 10 percent for the day.
Today’s move from DIRI appears to be nothing other than volatility. The company reported no news to cause the volume spike.
Currently, with a Bowser Rating of 8, DIRI is within buying range. However, be prepared for volatility. The company also reported that a customer left at the end of February so future earnings could suffer as a result.
SGRP’s move came on extremely light volume. The stock has bounced off its 52-week low, which it set recently. However, inconsistent financials have led to a near 30% decrease over the past year.
With a Bowser Rating of 7, SGRP is not in buying range from a rating standpoint. Those with holdings should continue to follow the Game Plan for when to sell.
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