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Pre-Market Activity on Top Picks: (NASDAQ: CTEL), (OTCQB: SHCAY)


New York, NY -- (ReleaseWire) -- 12/12/2012 --City Telecom Limited (NASDAQ: CTEL) stock closed its latest trading session at $5.60, up 10.67 percent from its previous close of $5.06, with high volumes. Its latest trading volume has been recorded at 541K shares, in contrast to the average daily trading volume of 128K shares. The stock opened the session at $5.71 and it currently shows bullish trend. City Telecom may test its first support level at $5.51 and is likely to go as high as $10.09 in its coming trading sessions.

The company offers multimedia content and is operational in Hong Kong. It also deals in free TV programming and agency functions.

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Sharp Corporation (OTCQB: SHCAY) traded in the range of $2.56 and $2.67 during its latest trading session. The stock had opened at $2.56 and closed at $2.66, up 8.57 percent from its previous close of $2.45. Sharp has its first support level at $2.33 while it faces the resistance at $3.90. If the stock breaches this level, it may go as high as $4.15. Sharp is likely to maintain its bullish trend in short term. It deals in electronic components and equipments. Sharp also offers consumer products like calculators and personal computers. The company is located in Japan.

Find out more about SHCAY by getting the full free report here:

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