Investor Alley Inc.

Mid-Day Update on Most Active Stocks: (PINK:GRPH), (OTC:AMBS), (PINK:MJNA)

 

New York, NY -- (ReleaseWire) -- 12/05/2012 -- Graphite Corp. (PINK:GRPH), a resource exploration stage company engaged in the evaluation, acquisition, and development of graphite-based deposits in the U.S., are down sharply in mid-day trading today. At last check, GRPH was trading 11.25% lower at $0.719 on volume of 1.26 million, which is more than double the daily average volume of 612,639.

GRPH has now fallen for two straight trading sessions. The stock had rallied last week, posting gains in four of the five trading sessions. However, GRPH has slipped after reaching $0.9 resistance level. The stock today fell below $0.75 support level.

GRPH rallied last week after the company announced that it is reviewing data indicating more than 7 million ton resource on Alabama property.

Find out if this announcement could benefit GRPH here: http://www.wallstreetscoop.net/market-scan/?symbol=GRPH

Amarantus BioSciences Inc. (OTC:AMBS), a development stage biotechnology company, is up sharply for a second straight trading sessions. AMBS is currently trading 16.67% higher at $0.0336 on volume of 12.22 million, which is nearly half the daily average volume of 24.93 million. The stock has now gained more than 47% in the last three trading sessions.

AMBS had rallied on Tuesday after the company announced the appointment of Super Bowl Champion Toi Cook to its Board of Advisors to advance its TBI program. The gains on Tuesday came after four straight days of losses. However, the two-day rally suggests that the market sentiment is now bullish on AMBS. This is confirmed by the stock’s daily chart. AMBS has crossed its 200-day moving average in trading today. The stock could face resistance at around $0.04.

Find out when is the best moment to buy or sell AMBS here: http://www.wallstreetscoop.net/market-scan/?symbol=AMBS

Medical Marijuana Inc. (PINK:MJNA), a company engaged in the medical marijuana and industrial hemp markets, is up sharply in mid-day trading today, extending its gains for the week. MJNA is currently trading 5% higher at $0.105 on volume of 5.17 million, which is below the daily average volume of 12.43 million. The stock has now gained more than 32% in the last three trading sessions.

MJNA has bounced back from $0.08 support level. However, the stock is now trading close to $0.11, which has been a stiff resistance level. If the stock breaks through this level then the next resistance level will be at $0.13.

MJNA’s President is hosting an audio interview today to discuss the company’s third-quarter results and future market opportunities.

Could this hosting benefit MJNA? Find out here: http://www.wallstreetscoop.net/market-scan/?symbol=MJNA

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