New York (January 15th, 2013) - Chimera Investment Corporation (NYSE: CIM), a specialty finance company investing directly or indirectly in residential-backed mortgages, is up sharply in mid-day trading today. CIM is gaining momentum after the company announced that it has been granted an additional 30-day extension for continued listing and trading of its stock on the New York Stock Exchange (NYSE). The company now has to file its 2011 Annual Report on Form 10-K with the SEC by February 15, 2013.
At last check, CIM was trading 4.21% higher at $2.85 on volume of 17.85 million, which is well above the daily average volume of 11.44 million. The stock has broken through $2.80 resistance level as a result of the sharp rise in trading today.
Find out more on CIM by getting the free full report here:
Rite Aid Corporation (NYSE: RAD), a retail drugstore chain in the U.S., is up sharply in mid-day trading today. At last check, RAD was trading 1.72% higher at $1.48 on volume of 8.51 million, which is a little over a half of the daily average volume of 14.67 million. RAD has now gained nearly 9% in the last five trading sessions.
The rally has helped the stock break through $1.45 resistance level in trading today. This is a bullish signal. The upward trend will continue if RAD breaks through $1.50 resistance level.
Earlier this month, RAD had announced a 2.2% drop in same-store sales for the month of December.
Find out what traders and investors need to do when it comes to RAD by getting the free full report here:
WallStreetReport.net issues momentum alerts on stocks that can provide gains to day traders. WallStreetReport.net provides members with timely information and exclusive alerts on cheap and under-valued stocks in the United States with the potential to deliver gains of 100% - 200% or more. WallStreetReport.net monitors and scans the markets for stock related signals as well as any external factors that might bring trading opportunities.Through a vast network of IR professionals WallStreetReport.net is often in the know of several large investor awareness campaigns being deployed.
Timing is everything when trading Penny Stocks. Gain an Edge by joining the WallStreetReport.net newsletter and receiving alerts from a Pro-Active team of researchers. Wall Street Report believes traders should have a chance at successfully trading Penny Stocks and invites traders and investors to be part of the Free VIP membership.
Simply sign up for free and start receiving exclusive alerts.
Subscribe Here: http://www.WallStreetReport.net
Disclosure: WallStreetReport.net is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit WallStreetreport.Net website, for complete risks and disclosures.
BlueLys, its employees, officers, directors, shareholders and affiliates, hold no positions in the above-mentioned stocks.
WALL STREET REPORT
Leave a comment...