Investor Alley Inc.

November 12th - Stocks Traders Should Be Looking out For: (PINK:MJNA), (PINK:GBEN)

 

New York, NY -- (ReleaseWire) -- 11/12/2012 --Medical Marijuana Inc. (PINK:MJNA), a company operating in the medical marijuana and industrial hemp markets, is extending its losses from last week in mid-day trading today. At last check, MJNA was down 9.73% to $0.102 on volume of 7.54 million, extending its losses in the last three trading sessions to over 27%.

While MJNA stands to benefit from the legalization of marijuana in Colorado and Washington, the company’s stock has not capitalized on this positive development. After rising sharply last Wednesday, MJNA has seen significant selling pressure. The stock’s MACD chart suggests that the downward slide may continue in the next few trading sessions. MJNA has support at around $0.10. If the stock falls below this level then there could be significant losses.

Find out more about MJNA by reading the free trend analysis report here: http://www.pennystockssms.com/stock-quotes/?q=MJNA

Global Resource Energy Inc. (PINK:GBEN), a development stage company focused on acquiring interests in the clean and sustainable fuel alternative sector in the U.S. and internationally, is extending its gains from last week in mid-day trading today.

GBEN is currently trading 16.27% higher at $0.193 on volume of 2.39 million, which is more than ten times the daily average volume of 168,209. GBEN has now gained more than 153% in the last three trading sessions.

GBEN has been rallying after the company last week said that its affiliate, Kardings America, is in talks with large retirement communities company. The company also announced the extension of its licensing agreement with Patedma Group.

Find out where GBEN could be heading by reading the free trend analysis report here: http://www.pennystockssms.com/stock-quotes/?q=GBEN

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