New York, NY -- (ReleaseWire) -- 01/04/2013 --AmarantusBioSciences Inc. (OTCQB: AMBS), a development-stage biopharmaceutical company, is down sharply in mid-day trading today, extending its losses from the previous trading session. AMBS fell more than 11% in trading on Thursday. In today’s trading, AMBS is down 8.35% to $0.137 on volume of 10.03 million, which is nearly half of the daily average volume of 20.86 million.
AMBS slipped on Thursday after rallying for over two months. The stock had been gaining momentum amid some positive developments for the company. The sharp decline in the last two days on substantial volume suggests that market sentiment has turned bearish on AMBS. The stock currently has support at around $0.130. The downward slide will continue if the stock falls below this level.
Find out if AMBS could bounce back in the upcoming trading sessions by getting the free full report here: http://www.monstertradingalerts.com/market-scan/?symbol=AMBS
OGX Petroleo e Gas Participacoes S.A. (ADR) (PINKSHEETS: OGXPY), a Brazil-based company engaged in the exploration, production and trading of oil and natural gas, is soaring in mid-day trading today after the company announced the start of production of its third well in the Tubarao Azul Field, which is located in the Campos Basin.
OGXPY is currently trading 6.81% higher at $2.51 on volume of 913,987, which is well above the daily average volume of 675,153. The stock gained more than 20% in the last three trading sessions.
OGXPY has crossed its 50-day moving average as a result of the rally this week. The stock has also broken through $2.50 resistance level. Technical indicators for the stock point to further gains.
Find out more about OGXPY by getting the free full report here: http://www.monstertradingalerts.com/market-scan/?symbol=OGXPY
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