New York, NY -- (ReleaseWire) -- 11/20/2012 --TagLikeMe Corp. (PINK:TAGG) is also down sharply in mid-day trading today. At last check, TAGG was trading 9.84% lower at $0.0550 on volume of 5.79 million, which is significantly below the daily average volume of 44.07 million. TAGG has fallen more than 38% in the last five trading sessions.
Although TAGG has now fallen for three straight sessions, volume has been significantly lower than the daily average and this suggests that the bearish trend is coming to an end. This is further confirmed by the MACD histogram, which is showing decreasing downward momentum. TAGG could rebound from $0.050, which is a strong support level for the stock.
TAGG, which is a provider of Internet cloud-based software application related to online search and social media, on Monday filed its 10Q quarterly report with the SEC.
Find out more on how TAGG could react in the very short term by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=TAGG
Cannabis Science Inc. (PINK:CBIS), a development stage company engaged in the creation of cannabis-based medicines, is sinking in mid-day trading today. At last check, CBIS was down 12.26% to $0.0780 on volume of 5.52 million, which is half the daily average volume of 11.14 million.
CBIS is seeing a sharp correction today after posting significant gains in the previous week. CBIS, in fact, has had an excellent run following the news of legalization of marijuana in Colorado and Washington earlier this month. However, technical indicators for the stock suggest that the bullish trend is now coming to an end. The MACD histogram is indicating increasing downward momentum.
CBIS on Monday filed its 10Q quarterly report with the SEC.
Find out when is the best moment to trade CBIS by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=CBIS
Global Stevia Corp. (OTC:GSTV), a specialized stevia company engaged in the development and distribution of premium stevia, is soaring in trading today after the company announced the appointment of Dr. Yaroslav Shevchenko, an expert on stevia, to its scientific team. The announcement comes a few days after GSTV appointed a new CEO.
GSTV is currently trading 8.57% higher at $0.153 on volume of 2.41 million, which is more than 10 times the daily average volume of 229,216. The stock has gained 52% in the last three trading sessions. The gains have reversed some of the losses from last week. The stock is still down 24% in the last five trading sessions though.
Earlier today, GSTV crossed its 50-day moving average before slipping back. If the stock can break through this level then a strong bullish trend will be established.
Find out if GSTV could maintain the momentum by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=GSTV
eLayaway Inc.(OTC:ELAY) is extending its gains from the previous trading session in mid-day trading today. At last check, ELAY was trading 40.43% higher at $0.0066 on volume of 27.08 million, which is well above the daily average volume of 16.95 million. The stock has now gained more than 870% in the last three trading sessions.
ELAY, which is a provider of layaway services for merchants and consumers, has been soaring since last week following the release of its 2012 Online Layaway Retail Trends report.
The rally is likely to continue as the technical indicators are giving strong bullish signals. ELAY could continue to rise before resistance at around $0.010. If the stock breaks through this level then the next resistance level will be at $0.014.
Get the answers to all traders questions on ELAY by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=ELAY
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