Investor Alley Inc.

Trading Commentary on High Volume Penny Stocks: (NYSE: GFA), (NYSE: GGB)

 
Repost This

New York, NY -- (SBWIRE) -- 02/07/2013 -- Gafisa SA (NYSE: GFA) traded in the range of $4.82 and $5.02 during its latest trading session. The stock had opened at $4.98 and is at $4.89, up 0.93 percent from its previous close of $4.85, with 1.36 million shares volume. Gafisa’s MACD chart shows bullish trend. The stock may go as high as $5.21 level in the coming trading sessions. Its first support level is at $4.67. Gafisa announced its fourth quarter results and it reported 156 percent increase in its new project launches to $733.3 million. Its new launches for the full financial year stood at 2.95 billion reais, down 16 percent.

Find out more on GFA here: http://www.monstertradingalerts.com/market-scan/?symbol=GFA

Gerdau SA (NYSE: GGB) stock is at $8.91, up 0.34 percent from its previous close of $8.88. Its latest trading volume has been recorded at 1.914 million shares, in contrast to its average daily trading volume of 5.943 million shares. The stock shows neutral trend. It is likely to maintain its stance in the short run and medium run. Gerdau SA is likely to go up to $9.02 level in the coming trading sessions, while its second resistance level is at $9.14. The stock is likely to face support level at $8.84.

Gerdau SA is engaged in the business of steel products.

Find out where GGB could be headed by getting the free full report here: http://www.monstertradingalerts.com/market-scan/?symbol=GGB

About MonsterTradingAlerts.com
MonsterTradingAlerts.com issues momentum alerts on stocks that can provide gains to day traders. MonsterTradingAlerts.com provides members with timely information and exclusive alerts on cheap and under-valued stocks in the United States with the potential to deliver gains of 100% - 200% or more. MonsterTradingAlerts.com monitors and scans the markets for stock related signals as well as any external factors that might bring trading opportunities. Through a vast network of IR professionals MonsterTradingAlerts.com is often in the know of several large investor awareness campaigns being deployed.

Timing is everything when trading Penny Stocks. Gain an Edge by joining the MonsterTradingAlerts.com newsletter and receiving alerts from a Pro-Active team of researchers. Trading Alerts believes traders should have a chance at successfully trading penny stocks and invites traders and investors to be part of the Free VIP membership.

Simply sign up for free and start receiving exclusive alerts.

Subscribe Here: http://www.MonsterTradingAlerts.com

Disclosure: MonsterTradingAlerts.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit MonsterTradingAlerts.com website, for complete risks and disclosures.

Investor Alley, its employees, officers, directors, shareholders and affiliates, hold no positions in the above-mentioned stocks.

Contact Info:
Alexander K. Neumann
Monster Trading Alerts
info@MonsterTradingAlerts.com
347-905-5009