New York, NY -- (ReleaseWire) -- 11/02/2012 -- TagLikeMe Corp. (PINK:TAGG) is sinking in mid-day trading today after posting significant gains in the last few trading sessions. The stock is currently down 56.33% to $0.176 on volume of 44.90 million, which is significantly above the daily average volume of 39.61 million.
The sharp drop on substantial volume indicates that the market sentiment has turned bearish on TAGG. The stock is still trading above its 50-day and 200-day moving averages; however, the MACD chart is giving bearish signals. TAGG could find support at around $0.11. If the stock falls below this level then the next support level is at around $0.05.
Find out when could be the perfect moment to trade TAGG by getting the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=TAGG
Medical Marijuana Inc. (PINK:MJNA) is also up sharply in mid-day trading today. At last check, MJNA was trading nearly 5% higher at $0.127 on volume of 4.94 million, which is below the daily average volume of 6.52 million.
MJNA has seen strong upward momentum in the last few weeks. However, the stock has been trading sideways in the last few trading sessions. This indicates that the recent bullish trend may be coming to an end. MJNA has support at around $0.12. If the stock falls below this level then the slide could continue.
Find out if MJNA could maintain the momentum by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=MJNA
Titan Iron Ore Corp. (OTC:TFER) is sinking in mid-day trading today. At last check, TFER was trading 21.77% lower at $0.463 on volume of 1.16 million, which is below the daily average volume of 1.65 million. TFER has now fallen more than 35% in the last three trading sessions.
TFER has fallen below its 200-day moving average as a result of the recent drop. This is a bearish signal. This is further confirmed by the stock’s MACD chart. The stock’s MACD has crossed the signal line on the downside, while the MACD histogram is also showing increasing downward momentum. TFER has support at around $0.37. If the stock falls below this level then the next support level is at $0.30.
Find out if TFER could bounce back by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=TFER
Santo Mining Corp. (OTC:SANP) is up sharply in mid-day trading today. At last check, SANP was trading 6.63% higher at $0.869 on volume of 578,683, which is nearly a third of the daily average volume of 1.83 million.
SANP has been trading sideways in the last few trading sessions. However, the MACD chart indicates that the stock could breakout in the next few trading sessions. If SANP crosses $1 resistance level there could be some significant upside potential.
Find out more about SANP by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=SANP
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Alexander K. Neumann
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