Small Cap Leadership Could Push Markets Higher - Top 3 Stocks Watch: Titan... -- LONDON, January 16, 2013 /PRNewswire/ --
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 Street today.
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 stock.
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.
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