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Penny Stocks in the News: (OTCQB: AAMRQ), (OTCQB: USGT)


New York, NY -- (ReleaseWire) -- 01/22/2013 --AMR Corporation (OTCQB: AAMRQ) opened at $1.35 and oscillated in the range of $1.32 and $1.37 in the current trading session. It is currently at $1.36, up 3.03 percent from its previous close of $1.32. AMR Corporation shows bullish trend and the stock’s first resistance level is at $1.46. Upon breaching this level, the stock may touch $1.61. On the downside, it may slip to $1.27. AMR Corporation is an aviation company and offers scheduled jet services. The company stock had a good run early this month as the company is going through bankruptcy proceedings.

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USA Graphite Inc. (OTCQB: USGT) stock is at $0.77, down 13.19 percent from its previous close of $0.89. The stock opened the session at $0.91 which is also its highest price point for the session so far. USA Graphite stock’s lowest price point for the session stood at $0.70. The stock is currently above its 6-days EMA of $0.79 but is below its 13 days EMA of $0.78, thus showing mildly bullish trend. The stock is likely to make mild upward movement in coming trading session and may touch $0.79. The company recently acquired Ruby Mountains Graphite property in a cash and stock deal.

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