PRN: OTC Trading News Ahead of the Open: Fannie Mae, Natural Health Trends Corp, WindStream Technologies, Inc. Electronic Cigarettes International, Green Cures and Botanical Distribution

17/lug/2014 14:06:09 PR Newswire Turismo Contatta l'autore

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OTC Trading News Ahead of the Open: Fannie Mae, Natural Health Trends Corp, WindStream Technologies, Inc. Electronic Cigarettes International, Green Cures and Botanical Distribution

 
[17-July-2014]
 

LONDON, July 17, 2014 /PRNewswire/ --

Fannie Mae (OTC: FNMA) was back in focus within the OTC markets to close yesterday higher by 8.8% on a big pick up in volume.  This is the first serious move and volume pickup we have seen in Fannie Mae for a few weeks now as the government housing lender broke through resistance on the upside.  With shares now back towards the $4.50 mark they are within striking distance of a yearly high.

Windstream Technologies (OTC: WSTI) finally closed at $0.94 just under the $1.00 level after trading much higher earlier in the day.  Although support was broken and a trade down form the highs, these shares have made a habit of bouncing back over the last couple of weeks and could well do again when the markets open this morning.

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Natural Health Trends Corp (OTC: NHTC) continued its strong run higher with the stock closing at yet another 52 week high at $8.12.  Since our initial alert on the stock it's been trending higher almost on a daily basis and beat the previous closing high of $7.98.  Traders will almost be presuming that the stock goes higher once again in trading today.

Another stock which was trading much higher earlier in the day before pulling back were shares in Electronic Cigarette International (OTC: ECIG).  With $10.00 seemingly the resistance point the stock needs to break through it had a run at that price yesterday hitting $9.50 before closing at $8.20 on the trading day.  Traders will be looking for a recovery trade in shares today when the market opens on Wall Street.

Green Cures and Botanical (OTC: GCUR) may be due another run higher after shares approached a recent low in the markets on Wednesday.  There is a lot of support technically for these shares in the $0.013/0.014 range, which is right where shares will open this morning.  The last time they hit this level they made a recovery trade of around 50% to the upside.

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Company Codes: OTC-BB:FNMA, OTC-BB:WSTI, OTC-BB:NHTC, OTC-BB:ECIG, OTC-BB:GCUR
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