Mid-Day Trend Analysis Research On Hot Penny Stocks: (OTCQB: FARE), (OTCQB: CTIX)

RELATED QUOTES

SymbolPriceChange
FARE0.090.00

New York (December 27th, 2012) - World Moto Inc. (OTCQB:FARE - News), a manufacturer and supplier of taxi meters for the motorcycle taxi industry, has edged higher in trading today, extending its gains for the week. FARE is gaining today after the company late Wednesday unveiled a roadmap to professionalize the $500 billion worldwide motorcycle taxi industry.

FARE is currently trading 4.91% higher at $0.171 on volume of 14.08 million, which is nearly double the daily average volume of 8.79 million. FARE has now gained more than 58% for the week. FARE could face resistance at around $0.20. If the stock breaks through this level then the upward trend will continue.

Find out if FARE could maintain the momentum by getting the free full report here: http://www.monstertradingalerts.com/market-scan/?symbol=FARE

Cellceutix Corp. (OTCQB:CTIX - News), a development stage biopharmaceutical company engaged in the discovery and development of small molecule drugs to treat diseases primarily in the areas of cancer and inflammatory diseases, is down sharply in mid-day trading today, reversing some of the gains from the previous trading sessions.

CTIX had been rallying since last week, finishing higher in each of the previous eight trading sessions. The stock had been gaining momentum amid some positive developments for the company, including the publication of a article in the New York Times heralding p53 drugs as the new age in cancer research.

However, the eight-day winning streak has come to an end in trading today. CTIX is currently down 7.02% to $2.25 on volume of 1.24 million, which is nearly three times the daily average volume of 479,709. CTIX currently has support at around $2.20. The downward slide will continue if the stock falls below this level.

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

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