LONDON, December 30, 1899 /PRNewswire/ --
After releasing positive news regarding their latest build out
and working partnerships shares in Easton Pharmaceuticals (OTC:
EAPH) had been on a string move higher over the last week.
That changed yesterday when after an impressive run to the
upside shares rolled over to close down 15.7% on the day. It
remains to be seen if this was just profit taking or a trading
pullback, either way if the stock can get back above the
$0.025 level then it has more upside
potential.
Virtus Oil and Gas (OTC: VOIL) continued back in its own uptrend
ahead of the market open today with shares closing higher by 8.57%
on the day. Volume was higher than normal after the stock
closed in the positive which followed a negative days trading.
Considering shares are up more than 100% since the May
timeframe this was a positive days trading for Virtus Oil in which
they closed right at the highs of the day. Stocks which close
at the highs normally stand a reasonable chance of following
through just on momentum trades.
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Primco Management (OTC: PMCM) closed lower by 16% after trading
much higher earlier on the morning trading session. Shares
face an uphill task of closing higher today after reaching a high
of $0.0033 in trading yesterday only
to fall back and end up closing at $0.0025. In addition the volume was more
than average having traded a quarter of a billion shares.
Another heavily traded stock to close trading within the OTC
markets yesterday were shares in Baltia Airlines (OTC: BLTA) which
also closed lower after being much higher earlier in the session.
Baltia has been on an amazing run higher for the last month
with investors cheering the stock all the way up from the sub-penny
level to over $0.03. The
closing price yesterday was one of the only times in the last month
the stock has not gone higher so investors shouldn't be too
disappointed if we see some profit taking form shareholders.
To round off our Daily OTC focus list we looked at shares in
Alternative Fuels America (OTC: AFAI) whose company closed up by a
strong 32% on the day going into Tuesdays trading session on Wall
Street. The volume was 10 times the normal daily average
which a great sign is when shares close higher by that amount.
Traders will be looking to see if Alternative Fuels can close
higher again today to gain momentum in the trade.
Super Stock Profits releases our daily trading report of the top
trading volume and percentage leader plays within the small cap
markets, keeping you up to date with the latest picks and the
latest news on the stocks in focus.
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