New York, NY -- (SBWIRE) -- 01/08/2013 -- Smack Sportswear (OTCQB: SMAK), a leading brand of custom designed team and beach active apparel, is soaring in mid-day trading today after the company on Monday explained its plans for growth in 2013 and beyond. The company said that it will focus on innovative and unique designs in Team apparel, expanding distribution of beach active wear, and growing in the e-commerce portion of the business.
SMAK is currently trading 13.53% higher at $0.193 on volume of 2.11 million, which is more than ten times the daily average volume of 189,580. The sharp rise in trading today on substantial volume suggests that market sentiment has turned bullish on SMAK. The upward trend could continue if the stock breaks through $0.20 resistance level.
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Apple Inc. (NASDAQ: AAPL), the maker of iPhones and iPads, is marginally lower in mid-day trading today, extending its losses from the previous trading sessions. AAPL fell sharply on Monday after analysts at Barclays slashed their price target on the stock from $800 to $740.
All eyes are now set on AAPL’s first-quarter results, which will be released on January 24, 2013.
At last check, AAPL was trading 0.17% lower at $523.01 on volume of 9.93 million, which is less than half of the daily average volume of 20.23 million. The stock has fallen more than 3% in the last three trading sessions.
Find out more about AAPL by getting the free full report here: http://www.monstertradingalerts.com/market-scan/?symbol=AAPL
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