BlueLys

Pre-Market Trading Commentary on High Volume Penny Stocks: (PINK:CBIS), (PINK:TAGG), (PINK:POOSF), (PINK:GBEN)

 

New York, NY -- (ReleaseWire) -- 11/12/2012 --Cannabis Science Inc. (PINK:CBIS) rose sharply in its last trading session, extending its gains for the week. CBIS has been soaring following some positive developments for the medical marijuana industry. The stock rose 29.71% to finish the day at $0.0895 on volume of 51.03 million, which is more than eight times the daily average volume of 6.32 million. The stock has gained more than 86% in the last three trading sessions.

The volume activity for CBIS indicates that the bullish trend is likely to continue for a while. The stock is trading well above its 50-day and 200-day moving averages and has also broken through $0.08 resistance level. The MACD histogram is also indicating increasing upward momentum.

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

TagLikeMe Corp. (PINK:TAGG) fell sharply on Friday November 9th, ending the day 23.67% lower at $0.0890 on volume of 40.68 million, which is below the daily average volume of 52.16 million. TAGG fell nearly 70% this week.

TAGG has fallen sharply since the stock hit $0.400 resistance level. The stock has fallen below its 50-day moving average, which is a bearish signal. The MACD chart for TAGG is also giving bearish signals. The MACD is trading below the signal line and the histogram is indicating increasing downward momentum. TAGG has support at $0.08. If the stock falls below this level then it could see significant losses.

Find out when could be the best moment to trade TAGG in the short term by reading the full and free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=TAGG

Poseidon Concepts (PINK:POOSF) fell in trading on Friday, extending its losses from previous trading sessions. POOSF ended the day 2.85% lower at $13.29 on volume of 258,332, which is nearly three times the daily average volume of 91,540. The stock fell more than 10% in the last three trading sessions.

The sharp drop in the last trading session on above average volume indicates that the market sentiment is currently bearish on POOSF. This is confirmed by the MACD chart. The stock’s MACD is below the signal line and the zero-line, which is a strong bullish signal. The MACD histogram is indicating that the downward momentum will continue. POOSF has support at around $13.

Get the latest info essential to all traders by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=POSSF

Global Resource Energy Inc. (PINK:GBEN) saw a huge rally in its last trading session. GBEN rose 137.14% to finish the day at $0.166 on volume of 4.86 million, which is substantially higher than the daily average volume of 7,612. The stock has gained 150% in the last three trading sessions.

GBEN’s huge rally in trading on substantial volume indicates that the market sentiment is bullish on the stock. GBEN crossed its 50-day moving average, which is another strong bullish signal. The stock’s MACD has crossed the signal line on the upside, which is a buy signal. The MACD histogram is indicating increasing upward momentum. GBEN could face resistance at around $0.20.

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

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