Long Island Iced Tea Corp. (NASDAQ:LTEA) Sees Volatile Trading – Down by 4.35%


Long Island Iced Tea Corp. (NASDAQ:LTEA) is at $2.09 seeing a daily low of $2.01 and a high of $2.18. The change makes the stock one of the most volatile of the day.

Not surprisingly, $2.01 is the stock’s 52 week low. (NASDAQ:LTEA) is also considered oversold with an RSI(14) currently at 10.89 . The Relative Strength Index (RSI) is a recognized technical indicator used to ascertain strengthening and weakening momentum in stock movements. RSI levels 70 and above are considered overbought and under 30 is considered oversold.

The shares are among the market’s biggest losers today.

The stock’s Average True Range (ATR) is 0.26. The ATR is a measure of volatility. It can’t tell you the direction of the stock but indicates how likely the price is to change.

Company shares are trading at $2.09 which is significantly lower than $3.68, the stock’s 50 day moving average and significantly below the 200 day moving average of $4.41. The 50 day moving average was down $-1.58 whereas the 200 day moving average was down $-2.31 or -52.4669%.

Short Interest

Investors are a little more bearish on the company if you watch the increase in short interest. The stock experienced a rise in short interest of 0.17% as of the latest report on August 31, 2017. Short interest grew 153 over that period. The short-interest ratio decreased to 1.0 and the percentage of shorted shares is 0.01% as of August 31.