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.
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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:
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