Fannie Mae Shares Move Towards Key Level Ahead Of The Open - Small Cap Stock Focus: Goff Corporation, AMR Corporation, Applied DNA Sciences, Research In Motion
LONDON, April 2, 2013 /PRNewswire/ --
Shares of Fannie Mae have been extremely volatile but look like they could be ready for another surge this week after closing higher by 16% to close Mondays session on a heavily traded $27 million. We will stay with the name to update you on news and any movements, remember AMR Corp traded back down to $1.00 before bouncing back to $4.00 over a relatively short period of time. Stocks trading this low tend to over-shoot on the upside as well as the downside so worth keeping an eye on this name. Remember we first started covering Fannie Mae at 0.30 cents before it went to $1.50 so this name potentially could still be a 100% trade to the upside once more.
Goff Corporation closed Mondays trading session at a new high for the company in what has been a steady two weeks of mainly upside trading for the mineral exploration company. Shares in Goff Corporation have now moved from 0.12 cents to the current price of 0.53 just since the middle of March giving out potential gains of over 500%. We will continue to follow the stock throughout the week to see if it can build from here. It does appear that volume has picked up after an initial drop off mid last week; in fact the company traded well over the $10 million mark ahead of today's open.
AMR Corp is another example of a stock people had given up hope on and we have been covering for 3 months now. During that time shares of AMR Corp have risen as much as 700% from top to bottom and it just goes to show you that recently with names like AMR Corp, Eastman Kodak, Fannie Mae, and Freddie Mac that there are plenty of profits to made by trading the OTC market if you are a prudent investor, or you're a member of http://www.clubpennystock.com. Shares of AMR Corp moved lower by 2% to close at $4.06. It seems the volatile part of this trade is over now, however the volume is still very heavy so the trade could still be on even though it's at the top end of the range.
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Applied DNA Sciences was back in play on the volume focus list after its day on Monday back trading heavier volume than normal. Shares of Applied DNA Sciences closed higher by 3% on over $3 million traded. The stock traded higher in the morning session but shares pulled back to close the day.
Shares of Research in Motion (NASDAQ: BBRY) were the heaviest traded on the entire NASDAQ in Mondays session with the launch of the new Z10 and in addition the company swinging to a surprise profit in the last quarter. Some analysts have price targets as high as $70.00 per share on the Canadian handset maker which is a substantial move from $15.00 if the stock continues to perform.
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 small cap 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.
Disclosure: Clubpennystocks is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Clubpennystocks is a wholly owned entity of a financial public relations firm. We have not been compensated by any of the companies
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