{"id":6848,"date":"2015-09-12T14:11:47","date_gmt":"2015-09-12T14:11:47","guid":{"rendered":"\/?p=6848"},"modified":"2015-09-12T14:39:42","modified_gmt":"2015-09-12T14:39:42","slug":"surna-inc-otcmktssrna-regains-ground","status":"publish","type":"post","link":"\/articles\/surna-inc-otcmktssrna-regains-ground\/","title":{"rendered":"Surna Inc (OTCMKTS:SRNA) Regains Ground"},"content":{"rendered":"\n

The recent few weeks have been quite a roller coaster for Surna Inc (OTCMKTS:SRNA<\/a>) shareholders. Coming out of the long weekend, the stock made a significant green push and managed another double-digit green close yesterday. SRNA<\/a> stopped another 14% up, at $0.162 per share.<\/p>\n

Just a few days ago Surna was locked in a free fall, dropping like a stone after becoming heavily overbought during its mid-August run. The wild swings charted over the last six weeks gave aggressive short-term traders plenty of opportunities to make a quick buck as the stock moved in either direction.<\/p>\n

Those fond of technical analysis may note SRNA<\/a> managed to step on the brakes as it was dropping just at its 50-day moving average and now its upwards swing was cut short at the 200-day MA. Whether the stock remain locked and undulate between those two values remains to be seen.<\/p>\n

It’s admirable that Surna managed this impressive push up. Even though the company lost a lot of appeal when superstar CEO Tom Bollich of Zynga fame left, it seems SRNA<\/a> is still plodding along in the right direction, even if it’s a laborious and slow push. Here is what the company had to show on its books as of its report for the second quarter:<\/p>\n