December 21, 2012 at 16:41 PM EST
Penny Stocks On The Move: (OTCQB: RNCH), (PINKSHEETS: NSRGY)

New York (December 21st, 2012) - Rancher Energy Corp. (OTCQB: RNCH), an independent energy company engaged in acquisition, exploration, development and production of oil and natural gas in North America, is down sharply in mid-day trading today. At last check, RNCH was trading 19.23% lower at $0.0210 on volume of 14.03 million, which is significantly above the daily average volume of 379,370.

RNCH had risen sharply earlier in the day, however, the stock failed to hold on to its gains and is now firmly in red. Prior to today, RNCH had not seen any significant trading activity. Technical indicators for the stock are currently giving bearish signals, which suggest that the downward slide could continue. RNCH has support at around $0.0200.

Find out where RNCH could be headed by getting the free full report here: http://www.wallstreetreport.net/market-scan/?symbol=RNCH Nestle SA (PINKSHEETS: NSRGY), the Switzerland-based consumer goods company, is marginally lower in mid-day trading today. At last check, NSRGY was trading 0.23% lower at $65.57 on volume of 543,348, which is below the daily average volume of 583,946.

NSRGY continues to trade sideways. The stock has traded in a tight range over the past three weeks. NSRGY has faced resistance at around $66. The stock did break through this level earlier in the week; however, it has once again slipped below $66.

Earlier this month, NSRGY had announced the completion of acquisition of Pfizer Nutrition.Find out more about NSRGY by getting the free full report here:

http://www.wallstreetreport.net/market-scan/?symbol=NSRGY

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