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Penny Stocks with Bullish Momentum Traders Should Know About: (OTCQB: AMBS), (OTCQB: TAMO)

 

New York, NY -- (ReleaseWire) -- 12/27/2012 -- Amarantus BioSciences Inc. (OTCQB: AMBS), a development stage biotechnology company engaged in the discovery and development of therapeutic proteins and biologics for the treatment of brain disorders, is rallying in mid-day trading today, extending its gains for the week.

AMBS has been gaining momentum amid some major developments for the company. On Wednesday, the company had announced the acquisition of neurodegenerative diagnostic intellectual property portfolio from Power3 Medical Products. Earlier today, the company announced that it will present at Biotech Showcase 2013.

AMBS is currently trading13.76% higher at $0.124 on volume of 17.83 million. The stock has now gained more than 92% in the last three trading sessions. The recent rally has allowed AMBS to break through some key technical levels. This is a strong bullish signal. Technical indicators suggest that the rally could continue.

Find out for how long AMBS could maintain its momentum by getting the free full report here: http://www.wallstreetreport.net/market-scan/?symbol=AMBS

TAMM Oil & Gas Corp. (OTCQB: TAMO), a petroleum exploration company engaged in the identification, acquisition and development of oil sands prospects in Canada, is amongst the biggest gainers on the OTC market in mid-day trading today.

The stock is soaring after Ernest C. Schlotter, a senior analyst at Switzerland-based SISM Research, said that TAMO is significantly undervalued and the current market valuation represents only a fraction of the company’s true value.

TAMO is currently trading 56.72% higher at $0.210 on volume of 4.33 million, which is more than ten times the daily average volume of 36,522. TAMO has crossed its 200-day moving average as a result of today’s rally. This is a strong bullish signal. The stock could face resistance at around $0.25.

Get the latest news and hints traders need to successfully trade TAMO by getting the free full report here: http://www.wallstreetreport.net/market-scan/?symbol=TAMO

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