Major Movers in Mid-Day Trading: (OTC:SVEN), (PINK:GMXS)
New York, NY -- (ReleaseWire) -- 11/30/2012 --Superior Venture Corp. (OTC:SVEN), a company engaged in the film making business, is up sharply in mid-day trading today. It has been a mixed week for SVEN. The stock surged more than 200% on Tuesday. However, the rally didn’t last long as SVEN fell more than 10% in the previous trading session.
In today’s trading, SVEN is up more than 5% to $0.309 on volume of 6.37 million. SVEN could face resistance at around $0.35, which is the stock’s all-time high. If it breaks through this level then there is significant upside potential.
SVEN is gaining today after the company announced that it raised film development financing to launch its venture in China.
Find out if SVEN could maintain its momentum by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=SVEN
Gemini Explorations Inc. (PINK:GMXS), an exploration-stage company focusing on the La Planada project located in Colombia, is amongst the major losers on the OTC market in mid-day trading today. At last check, GMXS was trading 17.24% lower at $0.0480 on volume of 2.53 million, which is nearly 10 times the daily average volume of 277,542. The stock has now fallen more than 26% in the last three trading sessions.
GMXS had been gaining momentum last week, however, the rally ended on Wednesday. Since then the stock has fallen below its 200-day moving average, which is a bearish signal. The volume activity from the last three trading sessions, further confirms the bearish trend.
GMXS has not made any major announcement since June this year.
Find out what else could be expected from GMXS in the very short term by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=GMXS
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