Daily OTCBB and Pink Sheet Penny Stocks Updates
Worthington Energy Inc (PINK:WGAS) fell 13.04 percent to close at $0.010 with traded volume of 7.18 million shares as compared to its average traded volume of 4.07 million shares per day. The company’s total outstanding common stock accumulates up to 110.22 million shares out of which only 43.70 million shares are floated in the stock market.
The company touched the day high of $0.011 and low of $0.009. Its total market capitalization arrived at $1.10 million.
The share price had moved to its extreme overbought level as per its relative strength index of 100 times. Comparison of moving averages also depicts major upward change in the share price as the short term moving average cuts the long term moving average in upward direction. Likewise MACD Moving Average Convergence Divergence also signals a strong bullish rally as the MACD line and trigger line are in the positive zone. Moreover the MACD line sharply moves above the trigger line indicating major upward change.
Advanced Cell Technology, Inc. (OTC:ACTC) declined 5.57 percent to close at $0.083 with traded volume of 4.41 million shares as compared to its average traded volume of 5.96 million shares per day.
The share price is trading at a relative strength index of 53.85 which shows that the stock has considerable margin for capital gains. MACD shows mixed trend as the both the MACD line and trigger line are falling in the positive zone but MACD is below than the trigger line.
The share price happens to be highly volatile and is negatively correlated with market index as per its beta value of -1.95 times. This means that the stock is likely to react by -1.95 times against one point change in market index and will be moving in opposite direction of market index. Stocks with negative correlation have a high significance in hedging strategies.
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