Trading Commentary on High Volume Stocks: (NASDAQ: PPHM), (OTCQB: AAMRQ)
New York, NY -- (ReleaseWire) -- 02/04/2013 --Peregrine Pharmaceuticals Inc. (NASDAQ:PPHM) shows bullish trend despite the stock making slight down movement in its latest trading session. It opened the session at $2.18 and remained in $2.06 and $2.25 price range during the session. The stock is 1.46 percent lower at $2.09. Peregrine’s first support level is at $1.94. Upon breaching this level, the stock may touch $1.66. On the upside, its first resistance level is at $2.53, while its second resistance level is at $3.05.
Peregrine is a biopharmaceutical company. It develops monoclonal antibodies for treating viral infections and cancer.
Find out where PPHM could be headed by getting the free full report here: http://www.wallstreetscoop.net/market-scan/?symbol=PPHM
AMR Corporation (OTC:AAMRQ) is trading in the range of $1.19 and $1.29 in its current trading session. The stock recorded the volume of 1.236 million shares so far, in comparison its average daily trading volume of 7.484 million shares. The stock opened at $1.25 and is currently at $1.22, down 2.40 percent from its previous close of $1.25. AMR Corporation has its first resistance level at $1.23 while it faces the support at $1.09. If the stock breaches this level, it may go touch $0.96.
AMR Corporation asked for extension of time for filing bankruptcy plans. The company is looking for extension till April 15th.
Find out more on AAMRQ here
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