Intra-Day Penny Stocks Traders Should Be Aware Of: (PINKSHEETS: SRGE), (OTCQB: AAMRQ)

New York, NY -- (ReleaseWire) -- 12/27/2012 --Southridge Enterprises Inc. (PINKSHEETS: SRGE), a company engaged in the acquisition, exploration and development of gold and silver mines in Mexico, is up sharply in mid-day trading today, reversing some of the losses from the previous trading session.

SRGE had finished more than 37% lower on Wednesday even as the company announced a joint partnership with Kinross (NYSE: KGC) for its Cinco Minas and Gran Cabrera properties. SRGE is currently trading 16% higher at $0.0058 on volume of 72.48 million, which is well above the daily average volume of 53.59 million.

SRGE on Wednesday fell below $0.0060, which has been a key support level for the stock. The next support level for the stock is at around $0.0055. The stock faces resistance at around $0.0070.

Find out more about SRGE by getting the free full report here: http://www.wallstreetscoop.net/market-scan/?symbol=SRGE

AMR Corp. (OTCQB: AAMRQ), the parent company of American Airlines, are lower in trading today. At last check, AAMRQ was trading 1.04% lower at $0.802 on volume of 1.34 million, which is nearly a quarter of the daily average volume of 5.61 million. AAMRQ has now fallen in four of the last five trading sessions, which is a bearish signal.

The bearish trend is confirmed by the stock’s technical indicators. AAMRQ had an excellent run for two weeks before slipping last week. The stock had been gaining momentum amid speculation that it would be acquired by US Airways Group Inc. (NYSE: LCC). AAMRQ has been seen as a takeover target ever since the company filed for bankruptcy in November 2011.

AAMRQ currently has support at around $0.75. The downward slide could continue if the stock falls below this key technical level.

Find out if AAMRQ could bounce back in the very short term by getting the free full report here: http://www.wallstreetscoop.net/market-scan/?symbol=AAMRQ

About WallStreetScoop.net
WallStreetScoop.net issues momentum alerts on stocks that can provide gains to day traders and short-term investors. WallStreetScoop.net provides members with timely information and exclusive alerts on under-valued stocks in the United States with the potential to deliver short-term gains.

WallStreetScoop.net monitors and scans the markets for stock related signals as well as any external factors that might bring trading opportunities. Through a vast network of IR professionals WallStreetScoop.net is often in the know of several large investor awareness campaigns being deployed.

Timing is everything when trading small cap stocks. Gain an Edge by joining the WallStreetScoop.net newsletter and receiving alerts from a Pro-Active team of researchers. Wall Street Scoop believes traders should have a chance at successfully trading Small stocks and invites traders and investors to be part of the free membership.

Simply sign up for free and start receiving exclusive alerts.

Subscribe Here: http://www.WallStreetScoop.net

Disclosure: WallStreetScoop.net is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit WallStreetScoop.Net website, for complete risks and disclosures.

Contact Info:
Thomas Greene
Wall Street Scoop
info@wallstreetscoop.net
347-905-5009

Media Relations Contact

Thomas Greene
347-905-5009
http://ww.wallstreetscoop.net

View this press release online at: http://rwire.com/191788