New York, NY -- (SBWIRE) -- 12/26/2012 -- AMR Corp. (OTCQB: AAMRQ), the parent company of American Airlines, is up sharply in mid-day trading today. At last check, AAMRQ was trading 3.90% higher at $0.800 on volume of 1.41 million. Despite the sharp rise in trading today, AAMRQ has fallen nearly 7% in the last three trading sessions.
AAMRQ fell in each of the previous three trading sessions. The sell-off came after the stock had rallied for nearly two weeks. AAMRQ, which filed for bankruptcy in November 2011, had been rallying amid speculation that the company would be acquired by US Airways Group Inc. (NYSE: LCC). In the last one month, AAMRQ has gained more than 51%.
Find out if AAMRQ could maintain its bullish momentum by getting the free full report here: http://www.wallstreetscoop.net/market-scan/?symbol=AAMRQ
USA Graphite Inc. (OTCQB: USGT), an exploration company engaged in the acquisition, exploration and development of world-class graphite properties in North America, is down in mid-day trading today, reversing some of the gains from the previous trading session.
USGT had rallied more than 11% on Monday after the company announced its fieldwork exploration plans at its flagship graphite project in the first quarter of 2013. The company said that it plans to conduct both a bulk sampling program and detailed mapping study over the entire extent of the graphitic hornfels units at its flagship project in the first quarter of 2013.
USGT is currently trading 2.86% lower at $0.680 on volume of 651,022, which is well above the daily average volume of 452,152. Despite the pullback, technical indicators for USGT are giving bullish signals at the moment. The stock currently has resistance at around $0.700. A strong bullish trend will be established if it breaks through this level.
Find out what traders need to know on USGT to successfully trade the stock by getting the free full report here: http://www.wallstreetscoop.net/market-scan/?symbol=USGT
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