Satcon Technology Corporation ( NASDAQ: SATC ) strong move alert as stock jumped 18 % in morning trade !

Stock of the company Satcon Technology Corporation ( NASDAQ: SATC ) jumped more than 18 % in the morning trade with out any specific news or announcements from the company.

Volumes are abnormally high and up move looks stronger. Trader might take positions for intraday gains, but might not carry the investment positions as there is lack of news behind the stock move. The last news from the company was on May 13 when company has appointed new chief financial officer and stock corrected 2 trading sessions after that announcement. This might be a bounce from low level as traders might closing their short positions on the stock.
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