Small Cap Leadership Could Push Markets Higher - Top 3 Stocks Watch: Titan Pharmaceuticals, World Moto Corp, Zippy Bags
LONDON, January 16, 2013 /PRNewswire/ --
Technical Analysts believe that the recent strength we have seen in the small cap markets could push the major indices up this year by as much as 15%. Ryan Detrick, sr. technical strategist at Schaeffer's Investment Research had the following to say. "The small cap leadership is a good sign," Detrick says of their new high and 10-year outperformance. "That's an indicator that potentially sometime later this year, blue chips and the Dow Jones very well might also breakout to new highs."
Titan Pharmaceuticals (OTC: TTNP), who currently have a number of products under FDA priority review, was trading slightly lower in the OTC markets today by 7% TTNP had trading volume over 500k in the first hour of trading on Wall Street today.
AMR Corp (OTC: AAMRQ) was once again the heaviest traded stock on the OTCQB market on Wednesday with over $5 million in volume just in the first hour today. Shares of AMR Corp have been on the move and traded substantially more than average volume based on a number of positive reports on the company. The stock was higher this morning by 5% at $1.54.
Shares in World Moto Corp (OTC: FARE) have held much interest over the last 2 trading weeks with the volume at some points as high as $25 million. FARE has also recently traded as high as 0.30 cents during that period of time. Shares are currently lower on the trading day by 22% on relatively low volume for the stock.
Vumee Inc. (OTC: VUME) was back in the upper section of the volume charts today in the OTC market. VUME is another name that has received a lot of attention over the last week or so and shares have more than doubled. Currently trading at 0.40 cents Vumee is approaching $1 million in volume on the street today.
NVIDIA Corporation was back in the news this morning with news on the launch of 'Project Shield' a new mobile gaming device. Shares of NVDA were slightly higher in early trading by 2%, and over 2 million shares exchanging hands.
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World Moto Corp (OTC: FARE) has experienced a substantial drop in volume over the last week and on Monday the total trades were around $1.7 million. Shares of FARE closed lower by 3.4% at 0.082 cents per share.
Amarantus Biosciences (OTC: AMBS) was higher by 28% in heavier than normal trading activity for the stock on the OTC market in trading on Monday. Shares of AMBS were higher by 28% on over $1 million traded to start off the week.
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 OTC markets.
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