LONDON, May 22, 2014 /PRNewswire/ --
Stocks within the OTC market continued to trade lower across the
board in trading yesterday as we approach todays open for the stock
market. Short term traders are looking for at least one green
day to hang their hats on this week as it continues to be a stock
pickers market for many investors even though there are obvious
pockets of strength.
Kirin International (OTC: KIRI) was the best performer in
the markets to close trading and all eyes will be on this stock in
this morning's trading session as it looks to hold its gains of
225% in trading. The last two trading sessions have been blow
out days for the maker of personal vaporizers which are taking the
market by storm. Moving higher from $0.20 to close at $0.30 and then following that up to close at a
remarkable $1.01 which is 5 times
higher than where this stock was trading earlier in the week.
If shares can hold above $1.00
this morning they have a good chance to trade to a new high.
Frozen Food Gift Group (OTC: FROZ) like many stocks on the OTC
closed lower on Wednesday going into Thursdays open.
Unfortunately this company has been in a downtrend since the
middle of April without any let up since it last hit a high of
$0.025. In fact after closing
at a new fresh low there is a reasonable chance we could see shares
bounce off the bottom as traders look for bargains, many times we
see stocks that have traded down for so long turn into doubles due
to traders who were short covering their positions.
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Gray Fox Petroleum (OTC: GFOX) looks excellent from a technical
standpoint going into trading at the end of this week. After
reaching a new low point in the share price on May 7th shares have rebounded to test
the $1.00 mark on the upside once
again. Intra-day trading bought shares close to the mark with
the high of the day being $0.997, and
if shares break through that resistance today they could be in for
another solid day to the upside. Shares in Gray Fox closed higher by 17% on the day.
Amarantus Bioscience Holdings (OTC: AMBS) managed to hold on to
the gains in its stock price over the last week finishing close to
flat with shares higher by 1% after a big jump higher this week.
Amarantus would like to see the stock price back towards the
recent 52 week high of $0.139 to
support the recent good news in the name.
To round off our stock focus list today we looked at shares of
Propanc Health Group which enjoyed another green day closing higher
by 55% on the trading day. It's been a high flying week for
this new name after moving from $0.10
to a price of $0.42 in just over a
week. If we see real increased volume come into the shares
then this is the sort of stock we have seen run straight to
$1.00 in price.
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