Psychic Friends Network Inc. (OTCQB: PFNI) is up sharply in mid-day trading today, extending its gains from the previous trading session. PFNI, which operates as a marketing and entertainment company, has been gaining momentum after the company announced on Tuesday that it plans to leverage new technologies to beat its own $1 billion revenue mark.
At last check, PFNI was trading 5.18% higher at $0.528 on volume of 789,768, which is half of the daily average volume of 1.54 million. The stock has now gained nearly 18% in the last two trading sessions. In the last five trading sessions, PFNI has gained 52%.
AMR Corp. (OTCQB: AAMRQ) is continuing to climb in mid-day trading today. AAMRQ, which is the parent company of American Airlines, has finished higher in each of the previous six trading sessions amid rumors that the company will merge with US Airways. AAMRQ, which filed for bankruptcy in November last year, has long been seen as a takeover candidate.
AAMRQ is currently trading 4.37% higher at $0.621 on volume of 3.05 million, which is above the daily average volume of 2.77 million. The stock has gained more than 25% in the last five trading sessions. AAMRQ has broken through $0.550 and $0.575 resistance levels as a result of the week-long rally. Technical indicators suggest that the rally will continue.
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