Investor Alley Inc.

Mid-Day Follow-Up on Selected Picks: (PINK:CBIS), (PINK:AONEQ), (OTC:GSTV)

 

New York, NY -- (ReleaseWire) -- 11/14/2012 --Another medical marijuana company that is seeing a sharp rise in its shares in trading today is Cannabis Science Inc. (PINK:CBIS). The stock is currently trading 11.19% higher at $0.0785 on volume of 4.42 million, which is nearly half of the daily average volume of 9.56 million. Unlike MJNA, CBIS has had a solid run in the last few trading sessions, gaining more than 74% since November 8.

CBIS has been gaining momentum on the back of some positive developments for the medical marijuana industry. On Tuesday, CBIS also announced the appointment of Harvard Law School Graduate Chad S. Johnson to its Board of Directors and as General Counsel.

CBIS’s technical indicators are indicating further gains. The stock’s MACD is above the signal line and the zero-line, which are strong bullish signals. The MACD histogram also indicates increasing upward momentum.

Find out more on CBIS here: CBIS, Trend analysis report

A123 Systems Inc. (PINK:AONEQ), a designer, developer, manufacturer and seller of rechargeable lithium-ion and energy storage systems, is up sharply in mid-day trading today. At last check, AONEQ was trading 9.20% higher at $0.0950 on volume of 4.37 million, which is significantly below the daily average volume of 37.06 million.

AONEQ, which filed for bankruptcy last month, is seeing a sharp rise in trading today after trading sideways in the last one week. The stock could face resistance at around $0.10.

Last week, AONEQ had announced that it received the bankruptcy court’s approval for stalking Horse Bidding procedures.

Find out more on AONEQ here: AONEQ, Trend analysis report

Global Stevia Corp. (OTC:GSTV), a specialized stevia company engaged in the development and distribution of premium stevia, is up sharply in mid-day trading today. The stock is currently trading 16.67% higher at $0.140 on volume of 1.37 million, which is significantly above the daily average volume of 26,581.

GSTV is gaining momentum after the company on Tuesday announced the appointment of Phuong Tran as its CEO effective immediately. Over the last three years, acting as President of Global Stevia JSC, Tran has built relationships with government officials and agriculture expert. He brings significant local stevia expertise to GSTV and hence investors have reacted positively to the appointment.

The sharp rise in trading today has allowed the stock to cross its 50-day moving average. The rally today has been accompanied by significant volume, which is a bullish signal.

Get the latest news and trend analysis reports on GSTV here: GSTV, Trend analysis report

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