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Hot Penny Stocks on the Move: (OTCQB: ECAU), (OTCQB: SWVI)


New York, NY -- (ReleaseWire) -- 01/29/2013 --Echo Automotive Inc. (OTCQB: ECAU) is trading in the range of $2.48 and $3.61 in its current trading session. The stock recorded the volume of 5.551 million shares so far, in comparison its average daily trading volume of 8.725 million shares. The stock opened at $2.54 and is currently at $3.06, up 26.45 percent from its previous close of $2.42. Echo Automotive has its first resistance level at $3.15 while it faces the support at $1.68. If the stock breaches this level, it may go touch $1.55.

Echo Automotive deals in cost reduction technologies to convert fleet vehicles into hybrid vehicles. The company is based out of New Zealand.

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Swingplane Ventures Inc. (OTCQB: SWVI) shows neutral trend as the stock made up movement in its latest trading session. It opened the session at $0.34 and remained in $0.33 and $0.35 price range during the session. The stock is 2.77 percent higher at $0.33. Swingplane Ventures’ first support level is at $0.27. Upon breaching this level, the stock may touch $0.11.

On the upside, its first resistance level is at $0.45. Swingplane Ventures provided information about Chile’s Rich Mineralization. The company is based out of Colorado and it was formed in 2010.

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

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