BlueLys

Intra-Day Update on Selected Picks: (PINK:TAGG), (PINK:POOSF), (OTC:SANP), (PINK:MJNA)

 

New York, NY -- (ReleaseWire) -- 11/09/2012 --TagLikeMe Corp. (PINK:TAGG) is down sharply in mid-day trading today. At last check, TAGG was down 17.67% to $0.0960 on volume of 19.78 million, which is below the daily average volume of 52.16 million. TAGG has now fallen more than 23% in the last three trading sessions.

TAGG has fallen below $0.10, which has been a key support level for the stock. This is a bearish signal.

The next support level for the stock is at around $0.075. The stock could rebound after hitting this level. The MACD histogram is showing increasing downward momentum, however.

TAGG has been showing incredible volume and momentum in the past trading sessions.

Find out if a bounce back could be imminent by reading the full and free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=TAGG

Poseidon Concepts (PINK:POOSF) is down sharply in mid-day trading today. At last check, POOSF was trading 4.35% lower at $13.09 on volume of 210,520, which is significantly above the daily average volume of 91,540. POOSF has now fallen nearly 12% in the last three trading sessions, indicating that the market sentiment is bearish on the stock.

This is confirmed by POOSF’s daily price chart. The stock is trading well below its 50-day and 200-day moving averages, which is a strong bearish signal. The MACD is also trading below the signal line and the zero-line, further confirming the bearish trend. The MACD histogram is indicating increasing downward momentum. POOSF is trading close to $13 support level. If the stock falls below this level then the next support level is at $12.50.

Find out if POOSF could pick up some steam before the market closing by reading the full trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=POOSF

Santo Mining Corp. (OTC:SANP) is rallying in mid-day trading today, extending its gains from previous trading sessions. SANP is currently trading 9.68% higher at $1.02 on volume of 1.66 million, which is below the daily average volume of 1.98 million. The stock has now gained 30% in the last three trading sessions.

SANP is trading close to $1.05 resistance level. If the stock breaks through this level then there is significant upside potential. The MACD histogram for SANP suggests increasing upward momentum. The rally, therefore, could continue in the next few trading sessions.

Find out more about SANP by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=SANP

Medical Marijuana Inc. (PINK:MJNA) is sinking in mid-day trading today. At last check, MJNA was down 10.85% to $0.115 on volume of 6.10 million, which is well below the daily average volume of 8.58 million. The stock has shed almost all of its gains from earlier in the week.

MJNA has fallen below $0.12 support level in trading today, which is a bearish signal. The next support level for the stock is at $0.11. If the stock falls below this level then there is significant downside potential. The stock’s MACD chart suggests that the downward slide could continue in the next few trading sessions. The MACD has crossed the signal line on the downside in trading today, which is a strong bearish signal. The MACD histogram is also indicating increasing downward momentum.

Get the latest news and analysis on MJNA by reading the full and free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=MJNA

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