New York, NY -- (ReleaseWire) -- 01/03/2013 --AMR Corporation (PINKSHEETS: AAMRQ) shows bullish trend as the stock made a sharp movement yesterday. It opened the session at $0.80 and remained in $0.80 and $0.86 price range during the session. The stock closed 8.05 percent higher at $0.86. AMR Corporation’s first support level is at $0.81. Upon breaching this level, the stock may go as low as $0.77.
On the upside, its first resistance level is at $0.95. AMR Corporation is currently contemplating issuing tickets without any penalty charges. The airlines had collected $390 million in penalties in the first 9 months of 2012. The company is going through Chapter 11 bankruptcy procedure.
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Nestle (PINKSHEETS: NSRGY) opened at $66.21 and oscillated in the range of $66.07 and $66.70. It closed at $66.53, up 2.09 percent from its previous close of $65.17. Nestle shows bullish trend and the stock’s first resistance level is at $67.48. On the downside, it may slip to $66.17. Upon breaching this level, the stock may touch $65.61.
Nestle deals in nutrition, wellness food items and beverages. The company has various brands such as Coffee Mate, Nestea, Chilled and Fitness in its portfolio. Nestle is based out of Switzerland and it was formed in 1866.
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