AMR Corp. (OTCQB: AAMRQ), the parent company of American Airlines, is fluctuating between gains and losses in mid-day trading today. At last check, AAMRQ was down 0.62% to $1.59 on volume of 14.14 million, which is well above the daily average volume of 8.77 million.
AAMRQ had an excellent run last week. The stock rallied after the bankrupt company said that its improving business prospects mean that shareholders might get some value when it emerges from bankruptcy. AAMRQ had filed for bankruptcy in November 2011. The stock has also gained momentum in the last two months amid speculation that the company will merge with U.S. Airways Group LLC.
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CoroWare Inc. (OTCQB: COWI), a company delivery custom engineering services, hardware and software products, and subscription services in North America, Europe, Asia, Australia and the Middle East, is seeing a huge rally in mid-day trading today, extending its gains from last week.
At last check, COWI was trading 181.82% higher at $0.0031 on volume of 169.03 million, which is more than 10 times the daily average volume of 14.31 million. The stock has gained 675% in the last three trading sessions.
COWI has broken through $0.0020 resistance level as a result of today’s rally. The next resistance level for the stock is at $0.0040. If it breaks through this level then the upward trend could continue.
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