Schweitzer-Mauduit International Inc. (NYSE: SWM), a multinational diversified producer of specialty papers, is marginally lower in mid-day trading today. At last check, SWM was trading 0.03% lower at $38.97 on volume of 36,094, which is nearly a quarter of the daily average volume of 148,082.
SWM has traded in a tight range this week after rallying last week. The stock has been struggling to break through $39.50 resistance level. A strong bullish trend will be established if SWM can break through this level. The stock currently has support at around $38.5. If it falls below this level then the next support level will be at $38.
Research In Motion Limited (NASDAQ: RIMM), the maker of BlackBerry smartphones, is up sharply in mid-day trading today. At last check, RIMM was trading 1.28% higher at $11.91 on volume of 17.91 million, which is a little over a third of the daily average volume of 50 million.
RIMM has now gained nearly 12% in the last three trading sessions. The stock rebounded on Wednesday after falling more than 20% last Friday. The sell-off last Friday was sparked by the company’s third-quarter financial results, which showed a drop in subscriber base for the first time in the company’s history.
RIMM is currently facing resistance at around $12. The stock has support at $11.50.
MonsterTradingAlerts.com issues momentum alerts on stocks that can provide gains to day traders. MonsterTradingAlerts.com 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. MonsterTradingAlerts.com 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 MonsterTradingAlerts.com 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 MonsterTradingAlerts.com newsletter and receiving alerts from a Pro-Active team of researchers. Trading Alerts 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. MonsterTradingAlerts.com
Disclosure: MonsterTradingAlerts.com 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 MonsterTradingAlerts.com website, for complete risks and disclosures.
Alexander K. Neumann
Monster Trading Alerts
SOURCE Investor Alley, Inc.