Shares of Qiao Xing Mobile Communications Co. Ltd. (NYSE: QXM) are seeing a huge rally in today’s trading. The small cap stock reached a high of $3.59 in mid-day trading, and at last check, it was up 37.60% to $3.55, with volume up from daily average of 30,000 to 1.38 million. The stock has a 52-week range of $2.05-$5.24. It is currently trading above its 20-day and 50-day moving averages. The small cap stock has a support level at $2.50. It broke through its resistance level of $2.71 in today’s trading. Qiao Xing Universal today announced a proposal to acquire all outstanding shares of Qia Xing Mobile Communications Co. Ltd.
Shares of Hyperdynamics Corp. (AMEX: HDY) are climbing in today’s trading. The penny stock reached a 52-week high of $1.98 in mid-day trading, and at last check, it was up 9.65% to $1.58, with volume up from daily average of 326,000 to 3.49 million. The stock has a 52-week range of $0.65-$1.98. It is currently trading above its 20-day and 50-day moving averages. The penny stock has a support level at $1.13. It broke through its resistance level of $1.61 in today’s trading. Hyperdynamics Corporation today announced results of independent resource evaluation of offshore Republic of Guinea concession.
Shares of Netezza Corp. (NYSE: NZ) are soaring in today’s trading. The stock reached a 52-week high of $23.89 in mid-day trading, and at last check, it was up 10.31% to $23.54, with volume up from daily average of 1.44 million to 4.64 million. The stock has a 52-week range of $8.49-$23.89. It is currently trading above its 20-day and 50-day moving averages. The stock has a support level at $19.25. It broke through its resistance level of $21.97 in today’s trading.
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