Dow Jones Hits New Highs: Could this Be the Classic Bear Trap? Small Cap Stock
Focus List: AMR Corp, Green Innovations, Swingplane Ventures, Red Giant
Entertainment, MIT Holding
LONDON, March 6, 2013
LONDON, March 6, 2013 /PRNewswire/ --
The Dow Jones Industrial average traded to new highs once again in trading on
Wall Street this Wednesday. The volume is substantial also so this could
continue to trade higher throughout the week. Many analysts are saying this
is a consumer confidence lead rally and could be leading into at least a 10%
AMR Corp continued to trade in a tight range today but shares higher for the
third day running by 6.5%. AMR Corp continues to trade heavy volume ahead of
the merger with US Airways but certainly has pulled back since trading over
$100 million per day. However in trading this morning the company had traded
$10 million just in the first 30 minutes which is much heavier than the first
two trading days of the week meaning renewed interest in shares of AMR Corp.
Green Innovations was one of the most heavily traded stocks on the OTC markets
today with shares trading over $1.3 million in the first hour on the street.
Green Innovations was also trading to the upside by 3.5% after shares climbed
back above $1.00 in trading to close last week. Green Innovations is
currently trading at $1.28 per share and has recently been as high as $3.00.
Swingplane Ventures traded to the upside this morning in continued recovery in
the price of its shares, however has pulled back from the opening price.
Shares of Swingplane Ventures have dropped from around $1.00 to the current
price of 0.29 cents over the last week. The stock is lower this morning by 5%
on $1 million traded.
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Red Giant Entertainment was one of the leading stocks in volume last week on
the OTC market and showed strong performance in the first couple of trading
days before volume dropped off and the shares pulled back. We are seeing a
pickup in volume as we go into mid-week trading on the street and shares are
higher this morning by 10% approaching $1 million with a long way to go in the
Shares in MIT Holding are not trading massive volume but just due to the price
appreciation we are seeing in the stock this morning it has pushed the name
into volume focus. MIT Holding is higher this morning by 1900% in the first
hour on the street with the shares experiencing a gap up and then moving
higher on around a quarter million at the mid-morning point.
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
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