Federal National Mortgage Association (FNMA.OB) Leads Nightly Small-Cap Business Report
August 31, 2011 West Palm Beach, Fla. – Penny Stocks Closing on Strong Gains FNMA, SDRC, IPRC, EMBA and S as the major stock averages are slightly positive after wavering most of the day, closing a quiet end to a wild month for financial markets.
Market Internals
OTCBB Total Volume for 411, 034, 588 Million, Advancing Issues for 420 Declining Issues 381
Pink Sheets Total volume him 2.6 Billion Shares, Advancing issues 1761 Declining issues 1075
The most active bullish penny stocks at the close of trading includes:FNMA, SDRC, IPRC, EMBA, S.
1-Federal National Mortgage Association (FNMA.OB) Close .30 gaining 6.27% on robust volume of 4.8 million shares exchanging hands at the close.
FNMA had a technical breakout above the 20 day moving average in today’s trading. a weekly close above this key moving average could signal a short-term bottom reversal in the stock.
Federal National Mortgage Association (Fannie Mae) provides liquidity and stability support in the secondary mortgage market in the United States.
2-Sidney Resources Corp. (SDRC.PK) last trade .0202 surging 55.38% on very active volume of 5.6 million shares at the close of trade.
SDRC had a beautiful technical breakout above its 20 day moving average in today’s trading. Traders are watching closely for the challenge of the 50 day moving average breakout which is today’s high in the stock. a weekly close above the 50 day moving average could signal another round of momentum buying.
Sidney Resources Corporation, a development stage company, engages in the search for mineral deposits. The company primarily holds interest in the Lucky Ben gold/silver/cobalt project located in Warren Mining District, Idaho.
3-Imperial Resources, Inc. (IPRC.OB) close .375 increasing 12.83% on explosive volume of 1.9 million shares exchanging hands on the day.
IPRC is showing signs of a short-term bottom reversal. a weekly close above the 20 day moving average could signal another round of momentum buying.
Imperial resources, Inc., through its subsidiary, Imperial Oil & Gas Inc., engages in the exploration and development of oil and gas assets in the onshore United States.
4-EMAMBA INTL CORP (EMBA.PK) last tick .58 gaining 14.71% on steady volume of 1.2 million shares at the close of trade.
EMBA had a nice technical breakout above the psychological .50 resistance level in today’s trading session. a weekly close above this level could be very bullish for the stock in the short-term.
eMamba International Corporation provides integrated hardware life cycle support, managed programs and technology.
5-Sprint Nextel Corp. (S) last $3.75 jumping 5.92% on steady volume of 1.5 million shares.
Sprint/Nextel had a nice technical breakout above the 20 day moving average in the early in the session. A weekly close above this key moving average could be extremely bullish in the short-term.
Sprint Nextel Corporation, through its subsidiaries, offers wireless and wireline communications products and services to individual consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S.
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