After the market closed last Thursday I mentioned how the Voyant International’s (VOYT) stock looked prime to reverse higher after retesting a key 61.8% retracement line (at 15 cents). Well, we did indeed see this small cap stock move higher on Friday. Today we’re seeing even more upside, this time with higher volume. That accumulation is still on the low side overall, but it’s enough to get the stock moving.

I’m not overly surprised either. As you can see for yourself, the degree of bearish volume was shrinking as the stock peeled back from the peak of 32 cents. I have to think that was profit-taking from those folks who don’t see the longer-term picture here (which is fine). Now with all the big swings out of the way, we can really start to hone in on a valuation. (For more on the volatility-versus-valuation theme, be sure to review Thursday’s blog.)

Anyway, just wanted to point out this small cap name may be gearing up for the second round - and maybe a breakout move.

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