Liberator Medical Holdings, Inc. (OTCBB:LBMH) Overcomes $2.40 Mark

Yesterday was a good day for Liberator Medical Holdings, Inc. (OTCBB:LBMH). The ticker finally managed to clamber over the $2.40 mark, ending the session nearly 3% up at $2.45 per share. LBMH traded in modest volume, shifting 168 thousand shares.

The company has not published any new PR releases since late October, when it informed of hosting its annual shareholder meeting where LBMH‘s performance over fiscal 2013 was discussed. Still, within a week the price managed to put on 15 cents.

The ticker tried to push through the same price barrier in the past but failed and retreated. Now it has managed it with relative ease and without any volume spasms or PR-induced swings. Still, LBMH appears to be in a comfortable place at the moment.

The highlights of the shareholders’ meeting included performance results such as double-digit growth on a year-over-year basis. Considering LBMH‘s fiscal year ends in September, the company’s 10-K report will be out sometime between now and late December and will contain detailed information on financials and current developments.

Now that LBMH has managed to push itself to a new three-year high in terms of share price, it remains to be seen whether it can hold steady at this level. The stock climbed steadily and does not look poised to retreat. When such retraces happened in the past, LBMH has repeatedly managed to stop and reverse them when the price hit the 50-day moving average.

Other heavily traded stocks in Wednesday’s session include Globalstar, Inc. (OTCMKTS:GSAT) who shifted over 8 million shares and closed nearly 3% down. American Community Development Group, Inc. / Wialan Technologies (OTCMKTS:ACYD) slipped 14% and stopped at $0.06 by the bell, probing even lower prices intra-day.