New York (November 9th, 2012) - PacWest Equities Inc. (PINKSHEETS: PWEID) is up sharply in trading today, extending its gains from the previous trading sessions. At last check, PWEID was trading 5.43% higher at $0.680 on volume of 1.43 million. The stock has gained 12.4% in the last three trading sessions.
PWEID has been gaining momentum in the last few weeks. However, the recent bullish trend may be coming to an end. This is confirmed by the recent volume activity. The gains in trading today have accompanied significantly lower volume, which is a sign that the bullish trend is coming to an end. The stock is seeing resistance at around $0.70. If it fails to break through this level then it could see a sharp correction.
Nestle SA (PINKSHEETS: NSRGY) is marginally higher in trading currently. At last check, NSRGY was trading 0.38% higher at $63.24 on volume of 171,056, which is below the daily average volume of 352,904. The stock rose to an intra-day high of $63.43 today.
NSRGY has traded sideways in the last few trading sessions. However, technical indicators suggest that the stock could gain upward momentum in the next few trading sessions. If NSRGY breaks through its 50-day moving average then a bullish trend will be established. The stock could face resistance at around $64.50.
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