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High Volume Penny Stocks on the Move: (OTCQB: ECAU), (OTCQB: CERP)


New York, NY -- (ReleaseWire) -- 02/07/2013 --Echo Automotive Inc. (OTCQB: ECAU) is trading in the range of $1.45 and $2.21 in its current trading session. The stock recorded the volume of 6.519 million shares so far, in comparison its average daily trading volume of 6.739 million shares. The stock opened at $2.12 and is currently at $1.49, down 28.37 percent from its previous close of $2.08. Echo Automotive has its first resistance level at $3.26 while it faces the support at $1.25. If the stock breaches this level, it may go touch $0.80.

Echo Automotive announced augmenting its team. The company offers environment friendly solutions for vehicles.

Find out if this announcement could benefit ECAU by getting the free full report here:

Cereplast Inc. (OTCQB: CERP) stock is at $0.0531, down 11.35 percent from its previous close of $0.06. However, its today’s volume of 37.147 million shares is higher than its usual trading volume of 11.765 million shares. The stock opened the session at $0.07 and touched its highest price point at $0.068. Cereplast Inc.’s lowest price point for the session stood at $0.048. The stock’s MACD chart shows neutral trend in the short term. Its first support level is at $0.03. Upon breaching this level, the stock may fall to $0.01 level.

Cereplast Inc. announced the appointment of Michael Okada as its Chief Financial Officer.

Find out more on CERP by getting the free full report here:

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