BlueLys

November 1st, 2012 - Mid Day Update on Most Active Stocks: TagLikeMe Corp. (PINK:TAGG), Warp 9 Inc. (PINK:WNYN), Santo Mining Corp. (OTC:SANP), Medical Marijuana Inc. (PINK:MJNA)

 

New York, NY -- (ReleaseWire) -- 11/01/2012 -- TagLikeMe Corp. (PINK:TAGG) is up sharply in mid-day trading today, extending its gains from the previous trading sessions. The stock has seen strong upward momentum in the last few trading sessions and it has now gained more than 220% in the last three trading sessions. In today’s trading, it is up more than 4%.

Technical indicators for TAGG suggest that the rally is likely to continue. The stock is well above its 50-day and 200-day moving averages, which is a bullish signals. The stock’s volume activity also indicates that the market sentiment is currently bullish on the stock. The stock’s MACD is above the signal line and the zero-line, which is a strong buy signal.

Find out when could be a good moment to trade TAGG by getting the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=TAGG

One of the biggest gainers on the OTC market today is Warp 9 Inc. (PINK:WNYN). At last check, the stock was trading 500% higher at $0.0390 on volume of 10.19 million, which is substantially above the daily average volume of 15,439. Earlier in the day, the stock hit an all-time high of $0.07 before paring some of the gains.

The substantial rise on huge volume indicates that the market sentiment has turned bullish on WNYN. The stock has broken through its 50-day and 200-day moving averages, which further confirms the bullish trend. The MACD has also crossed the signal line and zero-line, which suggests that the bullish trend is expected to continue in the next few trading sessions.

Get all that is needed to trade WNYN efficiently by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=WNYN

Santo Mining Corp. (OTC:SANP) is down sharply in mid-day trading today. The stock is currently down 8.66% to $0.813 on volume of 920,017, which is nearly half the daily average volume of 1.78 million. SANP has fallen almost 18% in the last three trading sessions.

The MACD histogram is seeing increasing downward momentum. This suggests that SANP is likely to slip further in the next few trading sessions. SANP has strong support level at $0.70. If the stock falls below this level then the next support level is at around $0.50.

Find out if the momentum could change with SANP by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=SANP

Medical Marijuana Inc. (PINK:MJNA) is also down sharply today, paring some of the recent gains. At last check, MJNA was trading 5.19% lower at $0.128 on volume of 4.26 million, which is below the daily average volume of 6.18 million. Despite the sharp drop today, MJNA has gained more than 50% in the last three trading sessions.

MJNA has in fact been gaining strong upward momentum in the last few weeks. However, technical indicators suggest that the recent bullish trend may be coming to an end.

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

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