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Pre-Market Trading Commentary on High Volume Penny Stocks: (PINK:TAGG), (PINK:WNYN), (PINK:PWEI), (PINK:PRTN)

 

New York, NY -- (ReleaseWire) -- 11/06/2012 --TagLikeMe Corp. (PINK:TAGG) traded in the range of $0.19 and $0.27 during its latest trading session. The stock had opened at $0.27 and closed at $0.19, down 33.37 percent from its previous close of $0.29. TagLikeMe has its first support level at $0.18 while it faces the resistance at $0.21. If the stock breaches $0.21, it may go as high as $0.25. TagLikeMe recorded the volume of 61.699 million shares, which is approximately three times higher than its average daily trading volume of 20.311 million shares. The stock has sunk at high volume showing bearish trend.

WallStreetReport.Net has been following TAGG for the last couple of weeks giving traders and edge when investing on TAGG. Benefit from this knowledge by getting the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=TAGG

Warp 9 Inc. (PINK:WNYN) traded in the range of $0.14 and $0.19 during its latest trading session. The stock recorded the volume of 16.384 million shares, significantly higher than its average daily trading volume of 1.11 million shares. Its upward spike is accompanied by high volume betrays bullish trend, which is further confirmed by its MACD and EMA charts. The stock had opened at $0.14 and closed at $0.18, up 50.80 percent from its previous close of $0.12. It is currently trading above its 13 days EMA of $0.05 and has its first support level at $0.14. In the intermediate time period, the stock is likely to retain its bullish trend.

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

Pacwest Equities Inc. (PINK:PWEI) stock closed its latest trading session at $0.55, up 57.21 percent from its previous close of $0.35. Its latest trading volume has been recorded at 5.145 million shares, in contrast to the average daily trading volume of 7.64 million shares. The stock opened the session at $0.43 and touched its highest price point at $0.61. Pacwest Equities stock’s lowest price point for the session stood at $0.35. The stock’s MACD chart shows bearish trend and the stock may test its first support level at $0.35.

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

Pristine Solutions (PINK:PRTN) traded in the range of $0.00 and $0.01 during its latest trading session. The stock closed at $0.01, up 186.96 percent from its previous close. Despite its up movement, the stock’s MACD chart shows neutral trend and the stock may tumble down in the coming session. The stock is also trading below its short term 13 days exponential moving average price of $0.02 and long term moving average price of $0.08, which hints at bearish trend. The negative trend is likely to continue for the mid-term time period. On the upside, Pristine Solutions stock is expected to face resistance at $0.26 level.

Get the latest full trend analysis report on PRTN by getting the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=PRTN

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