Futures Indicating Dow Jones Open Above 14 000 - Top Five Stocks Review and Look Ahead: Titan Pharmaceuticals, Echo Automotive, Swingplane Ventures, AMR Corp, Cannabis Science
LONDON, February 4, 2013 /PRNewswire/ --
Markets in the US were indicating an open above the key 14 000 mark for the Dow Jones Industrial Average. Many investors are looking for the markets to hold their ground and build on current levels towards all-time highs. This market rally does not appear to be broad based in all sectors making it more than ever in today's environment a stock pickers market.
Echo Automotive (OTC: ECAU) finished the week on a high note going into the open on Monday after we did see some profit taking form the mid-week point. ECAU closed on Friday at $1.54 which was higher by 12% on 6.6 million traded in the stock.
Titan Pharmaceuticals (OTC: TTNP) continued its strong run into Fridays close with the stock trading higher by 8% on over $3 million traded in the OTC markets. TTNP is currently trading at $2.27 and investors are looking for the stock to build on gains this week.
Swingplane Ventures (OTC: SWVI) finished a week where the stock was higher every day on the OTC and we will be following SWVI to see if the stock can build on these gains in the upcoming week ahead. SWVI was higher by 3% on $4.4 million exchanging hands on Wall Street.
AMR Corp did make a late week recovery back towards the $1.25 range after testing the $1.00 mark earlier in the week and remained one of the more active stocks in the OTC market trading almost $10 million just on Friday.
Cannabis Science (OTC: CBIS) which is a name we have seen trade big volume many times in the past and was also a stock which closed to the upside Friday moving into a fresh week of trading. CBIS traded higher by more than 20% on higher than average volume for the company.
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