New York, NY -- (SBWIRE) -- 01/08/2013 -- Ocwen Financial Corporation (NYSE: OCN), a provider of residential and commercial mortgage loan servicing, special servicing and asset management services, is up sharply in mid-day trading today, extending its gains from the previous trading sessions.
At last check, OCN was trading 1.96% higher at $37.49 on volume of 1.88 million, which is above the daily average volume of 1.84 million. The stock has gained more than 8% in the last three trading sessions. OCN had been trading in a tight range prior to breaking out on Monday. The stock broke through $36 resistance level on Monday. The next resistance level for OCN is at $38. The upward trend could continue if the stock breaks through this level.
Find out if OCN could pick up more steam in the very short term by getting the free full report here: http://www.wallstreetscoop.net/market-scan/?symbol=OCN
Newcastle Investment Corp. (NYSE: NCT), a real estate investment and finance company, is soaring in mid-day trading today, extending its gains from the previous trading session. NCT had gained nearly 7% on Monday after the company announced the pricing of its public offering of common stock at $9.35 per share. The company also said that the offering has been upsized from 40,000,000 shares to 50,000,000 shares.
NCT is currently trading 2.50% higher at $9.84 on volume of 28.72 million, which is substantially above the daily average volume of 2.26 million. NCT rose to a 52-week high of $9.95 today.
Find out if NCT could maintain the momentum by getting the free full report here: http://www.wallstreetscoop.net/market-scan/?symbol=NCT
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