Home Prices Up 5.9% in Strongest Year Since Bubble - Top 3 Stocks Week Ahead Focus: AMR Corp, USA Graphite, Vumee, Inc.
LONDON, January 22, 2013 /PRNewswire/ --
The value of American homes climbed higher by 5.9% in 2012, the largest annual gain since the summer of 2006, and close to the peak of the housing bubble also set in the same year. "Good news for homeowners after years of poor performance," Stan Humphries, Zillow's chief economist, said in a statement today. But Humphries cautioned consumers against expecting 2012-like gains in the future, saying we expect this recovery to continue into 2013, but at a more sustainable pace."
AMR Corp (OTC: AAMRQ) seems to have slowed down in terms of price performance and volume towards the back end of trading last week. The volume was still substantial in trading on Friday with $25 million exchanging hands =, however the stock did trade lower by 9%. AAMRQ has traded back from the $1.60 level to the $1.30 level going into this holiday shortened week
Vumee Inc. (OTC: VUME) managed to a strong overall week trading with a natural pullback going into Fridays session. Shares of VUME finished on Friday at 0.28 cents after being as high as 0.40 cents earlier in the trading week.
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USA Graphite (OTC: USGT) finished the week on a high note after closing higher by 6% on $2.4 million traded on Friday. USGT is obviously looking to get through the key psycological $1.00 mark which could potentially send shares higher. The volume looks strong ahead of trading on Wall Street today.
Zippy Bags (OTC: ZPPB) was another name that had a good start to the trading week but then had a trading pullback going into the long weekend. Sometimes traders can sell volatile stocks off going into a holiday shortened trading week. ZPPB finished lower by 24% on $2 million to finish trading last week and will be looking to recover higher in the week ahead.
Green Innovations Limited (OTC: GNIN) was trading heavier than normal volume ahead of the market open today in pre-market action. Shares of GNIN were at 0.73 cents just before the open on Wall Street this morning, third in terms of early pre-market volume on the in the OTC markets.
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