Trending Penny Stock to Watch296 views 2013-01-17 05:11 Tags: Penny stock Small cap Stock Stocks under quotes
AMR Corp. (AAMRQ): AMR Corporation is the parent company of American Airlines and has been zooming during mid-day trading today. Our last check which was a few hours back, AAMRQ rose to
.582 (up 1.25%) on a trading volume of just under 950,000 (down from the usual average of 2.57 million). In the last 3 trading sessions, AAMRQ has gained and impressive 14%.
AMR Corp. had reported that its business has received good response during this holiday season. Merger discussions too are gaining momentum and there are indicators of a possible merger coming through by year end. All this perhaps explains why AAMRQ has been doing well in the previous 5 sessions.
Also, having crossed the
.56 resistance level, AAMRQ has been gaining ground at each of the previous 5 trading sessions. In our opinion the pattern should hold over the next couple of days.
eLayaway Inc. (ELAY): Another stock that did well for itself during mid-day trading today was ELAY. eLayaway Inc is primarily a technology company that specializes in the payment industry. A check over the previous trading patterns indicates that ELAY had been earlier losing ground. Currently though, ELAY is trading at roughly 21.43% higher from previous lows on a volume of just under 60 million (daily average 38 million).
In case you are wondering why ELAY is doing well, it recently released a hosted layaway solution aimed at small to medium sized businesses. Industrial insiders claim the software solution fulfills a need and should therefore do quite well boosting the company’s finances.
We recommend you watch ELAY to see if it goes past the
.03 resistance. If it does, this penny stock should do quite well.
A123 Systems Inc. (AONEQ): A123 Systems Inc. develops and manufacturers rechargeable lithium-ion batteries. Having filed for bankruptcy in October, the company announced that it was selling to a Chinese buyer. It further announced that it will shortly be the recipient of $50 million debtor-in-possession (DIP) financing. The cash inflows from the sale as well as the financing will definitely keeps its working cap afloat and give this company new impetus. Not surprisingly, AONEQ stock has bounced back in today’s trade - this is our ‘worth watching’ stock.
Southridge Enterprises Inc. (SRGE): Southridge Enterprises has been in and out especially when it acquires some new mine or exploration and development rights in Mexico.
This week Southridge Enterprises announced that it signed an agreement with Gran Cabrera and Cinco Minas for developing gold and silver mines in Mexico. Not surprisingly, SRGE is currently 23.21% up (91.49 million shares). SRGE is our second ‘worth watching’ stock.
The nature of penny stocks is such that stocks that rise rapidly during a few trading sessions often go ‘quiet’ or lose their gains. You are therefore advised to recheck each stock we listed in our trending penny stocks to watch list. Above all, also visit the company websites to see if the company you are interested in, has made any new announcements that are likely to impact it’s financial or market position.
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