Small Cap Leadership Could Push Markets Higher - Top 3 Stocks Watch: Titan
Pharmaceuticals, World Moto Corp, Zippy Bags
LONDON, January 16, 2013
LONDON, January 16, 2013 /PRNewswire/ --
Technical Analysts believe that the recent strength we have seen in the small
cap markets could push the major indices up this year by as much as 15%. Ryan
Detrick, sr. technical strategist at Schaeffer's Investment Research had the
following to say. "The small cap leadership is a good sign," Detrick says of
their new high and 10-year outperformance. "That's an indicator that
potentially sometime later this year, blue chips and the Dow Jones very well
might also breakout to new highs."
Titan Pharmaceuticals (OTC: TTNP), who currently have a number of products
under FDA priority review, was trading slightly lower in the OTC markets today
by 7% TTNP had trading volume over 500k in the first hour of trading on Wall
AMR Corp (OTC: AAMRQ) was once again the heaviest traded stock on the OTCQB
market on Wednesday with over $5 million in volume just in the first hour
today. Shares of AMR Corp have been on the move and traded substantially more
than average volume based on a number of positive reports on the company. The
stock was higher this morning by 5% at $1.54.
Shares in World Moto Corp (OTC: FARE) have held much interest over the last 2
trading weeks with the volume at some points as high as $25 million.FARE has
also recently traded as high as 0.30 cents during that period of time. Shares
are currently lower on the trading day by 22% on relatively low volume for the
Vumee Inc. (OTC: VUME) was back in the upper section of the volume charts
today in the OTC market. VUME is another name that has received a lot of
attention over the last week or so and shares have more than doubled.
Currently trading at 0.40 cents Vumee is approaching $1 million in volume on
the street today.
NVIDIA Corporation was back in the news this morning with news on the launch
of 'Project Shield' a new mobile gaming device.Shares of NVDA were slightly
higher in early trading by 2%, and over 2 million shares exchanging hands.
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World Moto Corp (OTC: FARE) has experienced a substantial drop in volume over
the last week and on Monday the total trades were around $1.7 million.Shares
of FARE closed lower by 3.4% at 0.082 cents per share.
Amarantus Biosciences (OTC: AMBS) was higher by 28% in heavier than normal
trading activity for the stock on the OTC market in trading on Monday. Shares
of AMBS were higher by 28% on over $1 million traded to start off the week.
Regardless of what's going on in the mainstream we will always keep you
updated and look to be value added. We hope you have enjoyed our coverage; we
will be back to you tomorrow with our daily look at the OTC markets.
We track the volume and keep in touch with any increasing trends to the upside
or downside.We also cover the top stocks on the OTCQB, OTCQX, and the Pink
Disclosure: Clubpennystocks is not a registered investment advisor and nothing
contained in any materials should be construed as a recommendation to buy or
sell securities. Investors should always conduct their own due diligence with
any potential investment. Clubpennystocks is a wholly owned entity of a
financial public relations firm. We have not been compensated by any of the
companies listed in this news release.
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