New York, NY -- (SBWIRE) -- 11/26/2012 -- eLayaway Inc. (PINK: ELAY), a technology company that specializes in the payment industry, was sinking at last check as traders book profit after the recent rally.
ELAY is currently down 34.21% to $0.0075 on volume of 94.22 million, which is significantly above the daily average volume. Prior to Friday’s losses, the stock has had an excellent run. However, the recent bullish trend may be coming to an end, given the sharp fall on significantly higher volume.
ELAY had been soaring since last week after the company released its 2012 Online Layaway Retail Trends report. The company also filed its 10Q quarterly report with the SEC recently.
Is this the right moment to buy or sell ELAY? Find out by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=ELAY
Southride Enterprises Inc. (PINK: SRGE) is amongst the major gainers on the OTC market. SRGE, which is engaged in the acquisition, exploration and development of gold and silver mines in Mexico through its subsidiary Southridge Minerals Inc., is soaring after the company announced that it hired new legal representation and completed its dividend payout.
SRGE is currently trading 44.57% higher at $0.0133 on volume of 26.43 million. The stock has been trading sideways in the last few trading sessions; however, the sharp rise on significantly higher volume suggests that the market sentiment has turned bullish on the stock.
This is confirmed by SRGE’s daily chart. The stock has broken through $0.11, which has been a stiff resistance level in the past. Also, the stock’s MACD has crossed the signal line on the upside, which is a strong buy signal.
Find out what could be the momentum in the very short term for SRGE by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=SRGE
Overseas Shipholding Group Inc. (PINK: OSGIQ), a tanker company engaged primarily in the ocean transportation of crude oil and petroleum products, is up sharply, extending its gains from the previous trading sessions. At last check, OSGIQ was up 2.70% to $0.870 on volume of 1.19 million. The stock has now gained more than 41% in the last three trading sessions.
OSGIQ is rebounding after bottoming out at $0.42. The stock had fallen sharply after the company filed for bankruptcy recently. OSGIQ was also delisted from the NASDAQ following the filing of the bankruptcy.
Technical indicators for OSGIQ suggest that the stock is likely to gain upward momentum. OSGIQ could face resistance at around $1.20.
Get all the tools traders need when trading OSGIQ by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=OSGIQ
AMR Corp. (PINK: AAMRQ), the parent company of American Airlines, extended its gains from the previous trading sessions. The stock is currently trading 5.39% higher at $0.450 on volume of 2.38 million, which is nearly three times the daily average volume of 818,797. The stock has now gained more than 20% in the last three trading sessions. In the last five trading sessions, the stock has gained more than 24%.
AAMRQ, which filed for bankruptcy last year, announced, earlier this week that it is giving an early holiday gift to travelers in the form of new app for iPad and updated app for iPhone and the iPhone Touch.
The technical indicators for AAMRQ are giving strong bullish signals. The stock has broken through its 50-day moving average. The stock’s MACD has also crossed the signal line and the zero-line on the upside, which are strong bullish signals.
Find out if AAMRQ could maintain the momentum by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=AAMRQ
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