Echo Automotive Inc (OTC:ECAU) Retains Its Upward Momentum to Break Resistance Levels

Las Vegas, NV -- (SBWIRE) -- 01/28/2013 -- Canterbury Res Inc (OTC:ECAU) has surged more than 16 percent in today’s session and is currently trading around $1.93. Today’s gain is also supported by heavy volume figure of 3.43 million shares and it’s not even mid-day yet. On average, ECAU trades with average volume figure of 0.96 million shares per day.

Echo Automotive Inc could be on the verge of breaking its resistance levels. The share price has touched the highest of $2.05 in last one year. Its ever low in last 52 weeks was at $0.70. The stock has started rallying since January 22nd from the price level of $0.94 and within days has posted colossal gains.

This is sure a big question that where would ECAU’s rally would end. In its previous session the share price also gained with strong volume figure of more than 10 million shares for the day.

The company is also planning to demonstrate its EchoDrive powered production ready vehicle at upcoming National Truck and Equipment Association trade show.

To find out what OTCMAGIC projects for Echo Automotive Inc for both short term and long term please click here: ECAU

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