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Intra-Day Update on Selected Stocks: (NYSE: CIM), (NASDAQ: SPWR)


New York, NY -- (ReleaseWire) -- 01/17/2013 --Chimera Investment Corporation (NYSE: CIM), a specialty finance company investing in residential mortgage-backed securities, is up sharply in mid-day trading today, extending its gains from the previous trading sessions. CIM has been gaining momentum after the company this week announced that it received an additional 30-day extension for continued listing and trading of its common stock on the New York Mercantile Exchange (NYSE).

At last check, CIM was trading 2.46% higher at $2.92 on volume of 13.01 million, which is above the daily average volume of 12.18 million. The stock has gained more than 7% in the last three trading sessions.

CIM has broken through $2.80 resistance level as a result of the three-day rally. This is a strong bullish signal.

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

SunPower Corporation (NASDAQ: SPWR), a vertically integrated solar products and services company engaged in the design, manufacturing and delivery of solar electric systems worldwide for residential, commercial and utility-scale power plant customers, is marginally higher in mid-day trading today. At last check, SPWR was trading 0.51% higher at $7.88 on volume of 1.06 million, which is less than half of the daily average volume of 2.90 million.

SPWR has now gained more than 2% in the last three trading sessions. The stock is gaining after the company announced that Phoenix’s Lake Pleasant Water Treatment Plant has installed a 7.5 MW high efficiency solar power system, which was designed and built by the company.

Find out where SPWR could be headed by getting the free full report here:

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Michael Baine