AMSC is up over 8% today in pre market based on a news of a new 100 million contract for supplying core electrical component to Chinese wind turbine manufacturer. For the kind of turnover AMSC has currently, it is a fairly big order. The order will be shipped over a year or so.
This stock was earlier in July up big on similar kind of news. This stock has a history of big moves which result in pullbacks. So you have to play it accordingly. Or at least that is what we did last time.The trade gave 14% profit in a day.
Average profit= 14.05%
Days held 1