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High Volume Penny Stocks on the Move: (OTC:FMCC), (Pink:MJNA)


New York, NY -- (ReleaseWire) -- 04/11/2013 --Federal Home Loan Mortgage Corp (OTC:FMCC) stock closed at $0.792, 3.30 percent lower. The stock traded in the range of $0.77 and $0.82 during the session and is currently below its 20 days moving average price of $0.8. Federal Home Loan Mortgage gained 193.33 percent so far this year. The stock is in neutral phase and its first resistance level is at $0.83. On the downside, its first support is at $0.75.

Upon breaching this level, its second support level is at $0.72. It traded 7.03 million shares, down from its regular volume of 14.48 million. The company deals in secondary mortgage insurance market.

Find out if FMCC could bounce back in the upcoming trading sessions here:

Despite a sharp decline in its previous trading session, Medical Marijuana Inc (OTC Pink: MJNA) is still down 7.26 percent for the year. It has gained 303.51 percent in the past 52 weeks. The stock closed 7.26 percent lower at $0.23 on volume of 14.37 million shares. Its average trading volume stands at 14.37 million shares.

Medical Marijuana shares currently face resistance at around $0.25. The stock has support at around $0.22. It is trading below its 20 day and 50 day moving averages, which is a bearish signal.

Find out if MJNA could maintain its bullish momentum by getting the the free and full trend analysis report here:

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