Percentage Spikes Penny Stocks On March 7th, 2012

Caduceus Software Systems Corp. (OTC:CSOC) penny stock declined 12.43 percent to close at $0.014 with traded volume of 3.01 million shares as compared to its average traded volume of 45.61 million shares per day. The company’s total outstanding common stock accumulates up to 5.39 billion shares out of which only 5.38 billion shares are floated in the stock market.

Ceduceus Software Systems Corp’s total market capitalization arrived at $104.54 billion. The company touched the day high of $0.016 and low of $0.012.

It seems that the share (penny stock) price movement depicts stability as per its beta value of 1.17 times which means that the share price is likely to change by 1.17 times against one point change in market index.

Looking at its price history the share price traded between the prices ranges of $0.01 to $0.20 in last one year. This can be derived that the share price is likely to find support at $0.1 while resistance could be seen at $0.20 level.

North Springs Resources Corp (OTC:NSRS) penny stock plunged 6.54 percent to close at $0.014 with traded volume of 2.90 million shares as compared to its average traded volume of 35.53 million shares per day. The company’s (penny stock) total outstanding common stock accumulates up to 696 million shares out of which only 196 million shares are floated in the stock market.

Looking at its price history the share (penny stock) price traded between the prices ranges of $0.01 to $1.72 in last one year. This can be derived that the share price is likely to find support at $0.1 while resistance could be seen at $1.72 level.

The share price is trading near its extreme oversold level as per its relative strength index of 0.00 times. MACD Moving Average Convergence Divergence indicates strong bearish trend in the share price movement as the both the MACD line and trigger line are in negative zone.

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

#1 source for major penny stocks