New York, NY -- (ReleaseWire) -- 11/26/2012 --Poseidon Concepts Corp. (PINK: POOSF) is down sharply in mid-day trading today. POOSF, which is engaged in renting fracturing fluid handling tanks primarily used in well completion operations in the oil and natural gas industry in western Canada and U.S., plunged last week after the company gave a weak outlook.
POOSF is currently trading 7.58% lower at $5.19 on volume of 138,775, which is below the daily average volume of 222,602. In the last five trading sessions, the stock has fallen more than 61%.
POOSF has fallen sharply after hitting $6 resistance level. The stock has support at around $4.50.
Find out where POOSF is headed by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=POOSF
Amarantus BioSciences Inc. (OTC: AMBS) was down sharply in its last trading session, extending its losses from the previous trading sessions. AMBS is currently trading 0.51% lower at $0.0390 on volume of 9.46 million, which is below the daily average volume of 21.80 million. AMBS has now fallen nearly 19% in the last three trading sessions. In the last five trading sessions, the stock has fallen more than 25%.
AMBS is trading close to its 200-day moving average, which is a strong support level. If the stock falls below this level then the downward slide will continue. The stock’s MACD chart is currently giving strong bearish signals.
AMBS, which is a development stage biotechnology company, has been falling despite some positive developments for the company recently. Earlier this week, the company announced that it won MANF patent challenge in Europe.
Find out if a bounce back could happen with AMBS by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=AMBS
Nestle SA (PINK: NSRGY), the Switzerland-based consumer goods company, was up sharply in its latest trading session. At last check, NSRGY was trading 1.21% higher at $64.43 on volume of 80,809, which is significantly below the daily average volume of 379,620. In the last five trading sessions, NSRGY has gained nearly 2%.
NSRGY has bounced back after finding support at around $62. The stock today crossed its 50-day moving average, which is a strong bullish signal. If NSRGY breaks through $65 resistance level then the stock has significant upside potential.
Earlier this month, NSRGY announced that it is recalling Nesquik over salmonella contamination.
Find out if NSRGY could maintain the momentum by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=NSRGY
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