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Pre-Market Trading Commentary on High Volume Penny Stocks: (OTC:SANP), (PINK:CBIS), (PINK:MJNA), (PINK:NSRGY)

 

New York, NY -- (ReleaseWire) -- 11/15/2012 --Santo Mining Corporation (OTC:SANP) stock tumbled down 19.42 percent on the news of its 2:1 forward split. The stock closed at $0.83. The company reported that it has filed an application with FINRA for the approval of forward split process. Santo Mining said that the forward slip will make the stock more accessible to investors.

The company acquires, explores and develops mineral properties. Its stock shows mild bullish trend in the short term and the stock is likely to face its first resistance at $0.86 level. In the current trading session, the stock touched the highest price point of $1.11 and lowest point of $0.77.

Find out if SANP could bounce back in the very short term by reading the free trend analysis report here: SANP, Trend Analysis Report

Cannabis Science Inc. (PINK:CBIS) company is a development stage concern. It develops phytocannabinoid based pharma products. The stock is currently going through bullish phase and it closed its current trading session with the up move of 12.18 percent.

Cannabis Science opened the session at $0.07 and closed at $0.0792. In the intra trading session, it oscillated in the range of $0.0725 and $0.081. Cannabis Science stock may go up to $0.08 price level in its future trading sessions. On the down side, it has its first support level at $0.06.

Find out when could be the best moment to trade CBIS here: CBIS, Trend Analysis Report

Medical Marijuana Inc. (PINK:MJNA) reported that its portfolio company CanChew BioTechnologies Inc. is currently carrying out three days long free product trial and market survey registration program. The company stock today opened its session at $0.10 and touched the highest price point of $0.118. It closed at $0.115, up 27.78 percent from its previous closing price, confirming its bullish trend.

The company stock is likely to go as high as $0.15 in the near future. Upon breaching this level, the stock may also touch $0.18 level. On the downside, the stock has its first support level at $0.11 and second support level $0.10.

Want to know when traders should buy or sell MJNA? Get the answer here: MJNA, Trend Analysis Report

Nestle (PINK:NSRGY) traded in the range of $63.07 and $63.62 during its latest trading session. The stock had opened at $63.59 and closed at $63.15, down 0.39 percent from its previous close of $63.40.

The company is engaged in the business of energy drinks and food items. Its stock is currently in the neutral phase. Nestle has its first support level at $61.92 while it faces the resistance at $63.52.

If the stock breaches this level, it may go as high as $65.50 in the coming trading sessions.

Get everything traders need for NSRGY by reading the free and full trend analysis report here: NSRGY, Trend Analysis Report

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