With the market down over 3% today, I find this an opportune time to search the database of microcaps that have bucked the trend and swam against the current on a day that was “red” all around. Surprisingly, 21.5% of microcaps in the database ended the day with gains. Two worth noting include Ideaedge Inc (Stock Symbol: IDAE) and Gran Tierra Energy Inc (Stock Symbol: GTE). These stocks ended the day with gains of 8.4% and 8.3% respectively. The charts for these stocks are quite different. One looks like it needs a little rest while the other looks like it’s ready to move on up again.The chart below compares the recent six month history of each compared with the NASDAQ which is represented by that flat looking line near the bottom of the chart.
If June has been one of the worst months for the stock market in recent history, these two stocks were not listening.