LONDON, May 13, 2014 /PRNewswire/ --
Terra Tech Corporation (TRTC) closed higher going into this morning's open with heavy volume exchanging hands in the stock once more. Traders witnessed a gradual build of volume all day in the shares as it moved higher by 11% in early trading, and followed through into the afternoon finally closing higher by 20%.
Terra Tech closed at $0.489 on Monday which is close to the resistance level at $0.50, if the company opens up higher again today then a potential break to the upside in the stock could be likely.
With around $3.4 million exchanging hands and mainly upside throughout the trading day it looks as if Terra Tech could be about to break out of a recent downturn in its shares after recently hitting an all-time low of $0.395.
After moving from the low point of the year to a recent $1.42 many traders are pointing to the recent news and filings for the stock with its subsidiary MediFarm LLC which could be a potential driver for the company the in the coming weeks.
For more information and a full recent report on Terra Tech International (TRTC) please click here.
In other OTC market news from the first day's trading of the week shares of Pingify International (PGFY) closed higher by just under 7% on $3 million in volume. The shares have been closely watched on the street with daily trading ranges in excess of 30% not uncommon. In fact shares were as high as $0.87 today before trading down to close at $0.73 on the day still in the green.
Liquidmetal Technologies (LQMT) was also heavily traded on the day after that company reported solid first quarter results at the back end of last week. The stock hit a high of the day of $0.182 and closed slightly lower as shares were range bound in a light trading day on the street today for OTC stocks across the board.
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SOURCE AMG Global Advisors Ltd