The previous day the stock had those consolidation phases with each rise. And it was always above the MA. This is important to notice.
stocks like these even if one enters one should enter with low number of shares and keep buying upwards at each consolidation phase. If the stock is not moving as hoped then one has to get out when the stock price crosses the MA and taking a small loss.
Rule::: Stocks that open 10-25 percent above previous close are kind of dangerous. One has to be very careful in buying them. As 5 day graph shows it opens very high from previous close and started sliding down and down. May be they are good for shorting after they cross the MA but not for buying.
I lost some money today on this stock.