Intra-Day Trend Analysis Research For: (OTCQB: FARE), (PINKSHEETS: CERP)
New York, NY -- (ReleaseWire) -- 01/23/2013 --World Moto Inc. (OTCQB: FARE) stock is at $0.09, up 46.55 percent from its previous close of $0.06. The stock shows bullish trend as it made the up move with heavy trading volume of 36 million shares. Its bullish trend is further confirmed by its MACD chart and the stock is also trading higher than its 6 days EMA of $0.07. The stock may go as high as $0.10 in its coming trading sessions. Its second resistance level is at $0.12.
World Moto deals in developing taxi meters for motorcycle taxi. The company is based out of Bangkok in Thailand.
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Cereplast Inc. (PINKSHEETS: CERP) is trading in the range of $0.03 and $0.04 during its latest trading session. The stock had opened at $0.03 and is currently at $0.04, up 45.16 percent from its previous close of $0.02. Cereplast has traded 27.262 million shares so far, significantly higher than its average daily trading volume of 3.818 million shares, thus showing bullish trend. The stock is likely to maintain the streak and is also trading above its 6 days EMA and 20 days EMA of $0.02. Cereplast is up on the news of generating $500,000 in new revenue in the past six months.
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