Market Up Three Days in a Row Following Greece Vote

The market finished the day in the green as hopes over Greece debt crisis helped push stocks higher for 3 straight days. The Greek Parliament passed new austerity measures today which will pave the way for the country to receive more aid. Another big piece of news today, was that Bank of America settled the lawsuits brought against its Countrywide unit and has agreed to pay $8.5 billion. The market responded well to this news with the Dow gaining 72 points, the Nasdaq 11 points, and the S&P 10 points. Let’s take a look at a few stocks that had good gains today.

Alanco Technologies Inc. (Nasdaq:ALAN) was the big mover Nasdaq mover today as it closed up 115% at $2.20. ALAN announced a definitive merger agreement with YuuZoo Corporation early this morning and at market open it jumped 50%. ALAN continued to trade higher until it hit an intraday high of $2.95 in late day trading. Following this news, ALAN traded over 11 million shares today, well above its daily average of 20 thousand shares.

Clean Diesel Technologies Inc. (Nasdaq:CDTI) finished the day up 22.5% following the company’s announcement of 2,725,000 shares of its common stock at a price of $3.75/share. CDTI closed at $4.9499 with an intraday high of $5.14. CDTI traded over 1.5 million shares today, well above its average of 340 thousand shares.

Visa, Inc. (NYSE:V) closed up 15% after the Federal Reserve agreed to an increase in the amount banks can collect from merchants each time a consumer swipes a debit card. V closed at $86.57 with an intraday high of $87.32. Visa has traded nearly 7 times its normal trading volume with almost 33 million shares traded today.

Overall, the market has been looking good with gains the past 3 days. The news coming out of Greece helps out a lot, but Greece isn’t out of the woods yet. They still have to figure out how they will not default.

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About Danny Fisher

Danny is the old hat at Active Investor. One of the been around the block a few times traders, his main focus is on overall market conditions. Be it some new merger talk or Washington being Washington, you can expect Danny will be on top of it.

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