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November 12th, 2012 - Stocks Traders Should Be Looking out For: (PINK:AOENQ), (OTC:AMBS), (OTC:SANP), (PINK:MJNA)

 

New York, NY -- (ReleaseWire) -- 11/12/2012 --A123 Systems Inc. (PINK:AONEQ) bounced back in trading last Friday. The stock rose 17.07% to finish the day at $0.0960 on volume of 28.23 million, which is below the daily average volume of 36.80 million. The stock hit an intra-day high of $0.10 in trading today.

AONEQ bounced back in the last trading session after posting significant losses in the last few weeks. The stock’s MACD has crossed the signal line on the upside, which is a buy signal. AONEQ could face resistance at around $0.10. If the stock breaks through this level then the next resistance level is at $0.15.

Find out where AONEQ could be heading after the last trading session bounce by getting the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=AONEQ

Another major gainer in trading last Friday was Amarantus BioSciences Inc. (OTC:AMBS). The stock rose following a major announcement by the company. AMBS ended the day 41.67% higher at $0.0510 on volume of 42.11 million, which is nearly three times the daily average volume of 15.13 million.

AMBS rebounded after posting significant losses in the last two trading sessions. The sharp rise in trading on significant volume indicates that the market sentiment has once again turned bullish on the stock. AMBS could face resistance at around $0.070. If the stock breaks through this level then the next resistance level is at $0.070.

Find out how this announcement could benefit AMBS by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=AMBS

Santo Mining Corp. (OTC:SANP) rose sharply in its latest trading session, extending its gains for the week. SANP rose 15.05% to finish the day at $1.07 on volume of 2.94 million, which is well above the daily average volume of 1.98 million. SANP gained 37% last week, which indicates that the market sentiment is currently bullish on the stock.

The bullish trend is confirmed by SANP’s technical indicators. The stock has broken through $1, which has been a stiff resistance level in recent weeks. The stock’s MACD is trading above the signal line, which is a bullish signal. A strong bullish trend will be established once the MACD crosses the zero-line. SANP could face resistance at around $1.10.

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

Medical Marijuana Inc. (PINK:MJNA) fell sharply in trading today, paring most of the gains from earlier in the week. MJNA ended the day 12.40% lower at $0.113 on volume of 11.11 million, which is well above the daily average volume of 8.58 million. The stock fell nearly 10% for the week.

MJNA had risen sharply earlier in the week following some positive developments for the medical marijuana industry. However, the rally didn’t last long as MJNA failed to break through $0.16 resistance level. MJNA is now trading close to $0.11 support level. If the stock falls below this level then a strong bearish trend will be established. The stock’s MACD has crossed the signal line on the downside, which is a strong bearish signal. The MACD histogram also indicates increasing downward momentum.

Find out if MJNA could bounce back by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=MJNA

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