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Mid-Day Penny Stocks on the Move: (OTC:ECAU), (OTC:FARE)


New York, NY -- (ReleaseWire) -- 01/25/2013 --Echo Automotive Inc. (OTC:ECAU) is trading in the range of $1.39 and $1.71 in its current trading session. The stock recorded the volume of 4.414 million shares, in comparison its average daily trading volume of 7.047 million shares. The stock had opened at $1.44 and is currently at $1.63, up 14.79 percent from its previous close of $1.42. Echo Automotive has its first support level at $1.26 while it faces the resistance at $1.69.

The company offers fuel efficiency technology for fleet cars. Its technology is designed to convert cats into plug-in hybrids. Echo Automotive is based out of New Zealand.

Find out more on ECAU here:

World Moto Inc. (OTC:FARE) shows neutral trend as the stock made a sharp down movement in its latest trading session. It opened the session at $0.12 and remained in $0.10 and $0.14 price range during the session. The stock is currently 4.17 percent lower at $0.11. World Moto’s first support level is at $0.10. Upon breaching this level, the stock may go as low as $0.06. On the upside, its first resistance level is at $0.12. The stock has traded 12.121 million shares so far. Its usual trading volume stands at 38.403 million shares.

The company develops meters for motor taxi.

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

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