New York, NY -- (ReleaseWire) -- 11/11/2012 --Poseidon Concepts (PINK:POOSF) fell in trading today, extending its losses from previous trading sessions. POOSF ended the day 2.85% lower at $13.29 on volume of 258,332, which is nearly three times the daily average volume of 91,540. The stock fell more than 10% in the last three trading sessions.
The sharp drop in trading today on above average volume indicates that the market sentiment is currently bearish on POOSF. This is confirmed by the MACD chart. The stock’s MACD is below the signal line and the zero-line, which is a strong bullish signal. The MACD histogram is indicating that the downward momentum will continue. POOSF has support at around $13.
Find out when POOSF could bounce back from its losing momentum by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=POOSF
Global Resource Energy Inc. (PINK:GBEN) saw a huge rally in trading today. GBEN rose 137.14% to finish the day at $0.166 on volume of 4.86 million, which is substantially higher than the daily average volume of 7,612. The stock has gained 150% in the last three trading sessions.
GBEN’s huge rally in trading today on substantial volume indicates that the market sentiment is bullish on the stock. GBEN crossed its 50-day moving average, which is another strong bullish signal. The stock’s MACD has crossed the signal line on the upside, which is a buy signal. The MACD histogram is indicating increasing upward momentum. GBEN could face resistance at around $0.20.
Find out more about when GBEN could be heading by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=GBEN
Santo Mining Corp. (OTC:SANP) rose sharply in trading today, extending its gains for the week. SANP rose 15.05% to finish the day at $1.07 on volume of 2.94 million, which is well above the daily average volume of 1.98 million. SANP gained 37% this week, which indicates that the market sentiment is currently bullish on the stock.
The bullish trend is confirmed by SANP’s technical indicators. The stock has broken through $1, which has been a stiff resistance level in recent weeks. The stock’s MACD is trading above the signal line, which is a bullish signal. A strong bullish trend will be established once the MACD crosses the zero-line. SANP could face resistance at around $1.10.
Get the latest news on SANP by reading the full trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=SANP
Medical Marijuana Inc. (PINK:MJNA) fell sharply in trading today, paring most of the gains from earlier in the week. MJNA ended the day 12.40% lower at $0.113 on volume of 11.11 million, which is well above the daily average volume of 8.58 million. The stock fell nearly 10% for the week.
MJNA had risen sharply earlier in the week following some positive developments for the medical marijuana industry. However, the rally didn’t last long as MJNA failed to break through $0.16 resistance level. MJNA is now trading close to $0.11 support level. If the stock falls below this level then a strong bearish trend will be established. The stock’s MACD has crossed the signal line on the downside, which is a strong bearish signal. The MACD histogram also indicates increasing downward momentum.
Find out where MJNA could be heading by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=MJNA
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