Island Reversal on YuMe (NYSE:YUME)

by Josh YuMe Inc ($YUME) is trading up 28.35% at $8.21 on a volume of 855,012 shares. That’s already 3.47 times the normal daily volume of 174,432 here shortly before the noon hour. Shares are up on earnings. Shares started the week down on large gap lower as Tremor Video’s ($TRMR) numbers disappointed.

Shares have now gapped back up to last week’s trading range forming a pattern known as an Island Reversal.

52 Week Range $5.86-$12.08 Market Cap 264,831,351 Average Volume 174,432 Dividend Yield 0.00% Institutional Ownership 9.80% Insider Ownership: 0.00% Percentage of Float Short 0.90% Beta 0.16

YuMe Inc, through its proprietary technology, provides digital video brand advertising solutions.

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