Swingplane Ventures Rebounds 50% Ahead Of The Open On Wall Street: Volume Watch Ahead Of The Bell: AMR Corp, Cemex S.A.B, China Teletech Holding, Green Innovations
by PR Newswire
LONDON, February 25, 2013 /PRNewswire/ --
The heavy trading in shares of Swingplane Ventures continued right into the close of last week's trading with shares rising over 50% in trading on Friday ahead of the open today. The overall markets are looking to a higher open today we will see if Swingplane Ventures can continue to move higher. The company traded $23 million in volume and was above $100 million in trading for the week on Wall Street.
Shares in AMR Corp climbed back a further 4% after a mini pull back in the previous day's trading. The company is still trading extremely heavy volume compared to its normal trading average obviously due to the ongoing closing of its merger with US Airways. AMR Corp traded over $23 million to close the week making it the largest volume trade in the over the counter market.
It really goes to show that if you do your research there are substantial profits to be made trading over the counter stocks and in the case of AMR Corp even a company in bankruptcy has ended up becoming a positive winner for many traders. Even in the case of Swingplane Ventures whose shares were cut in half on Thursday, yet rose 50% in Fridays trading.
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Cemex S.A.B. is a name we have seen before on the volume focus list but not for a few months. Shares in Cemex had a spike in trading to end last week's trading with over $6 million in volume exchanging hands and shares moving higher by 4%.
China Teletech is a brand new name we are looking at this week whose shares also saw a spike in volume going into the end of trading on Friday. It was also the big price mover in trading with shares rising 67% on the trading day on almost $3million in trading volume.
Green Innovations had a good recovery day to end the week with shares rising 12% on over $2 million traded. Shares of Green Innovations had been on a steady rise higher for a number of weeks before a sharp decline in last week's trading. We will keep tracking shares of the company to see if the company continues to trade higher on volume.
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 Sheet markets.
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