April 5th - SPAR

After a recommendation from a student yesterday, Cramer gave his blessing for Spartan Motors Inc. (SPAR)

Closing Price: $25.50
After Hours High: $ 26.86
Percent Increase at High: 5.33%
After Hours Most Recent Price: $ 26.34
Percent Increase at Most Recent Price: 3.29%
Sector: Consumer Goods
Days to Cover: 3.0
Short %: 5.37 %
% Held by Insiders: 12.07 %
% Held by Institutions: 68.90 %
50 Day Moving Average: $21.17
200 Day Moving Average: $14.95


The stock was up $1.07 today during regular trading on just over 2x volume. Are people buying recommendations from university students now and sending stocks up over 4%? I don't recall Cramer being overly positive on the stock last night. People may have done their homework last night and realized that maybe Cramer would feature it today, but I doubt it. The stock is now well above the top band and showing a positive uptrend (even more visible on the weekly chart). The stock appears to be overbought, but with contracts coming in which could raise their expectations, the technical indicators could be showing false signs. I still expect there to be a slight pullback next Tuesday (after the holiday weekend), but after 2x volume today before Cramer mentioned it I would be worried about continued strength.