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WallStreetReport.Net Issues Mid-Day Update on Most Active Stocks for October 31st, 2012: (PINK:MJNA), (PINK:TAGG), (PINK:POOSF), (PINK:NSRGY)

WallStreetReport.Net Is Issuing Important Trend Analysis Reports Helping Traders With The Hottest Stocks: Medical Marijuana Inc. (PINK:MJNA), TagLikeMe Corp. (PINK:TAGG), Poseidon Concepts (PINK:POOSF), Nestle SA (PINK:NSRGY)

 

New York, NY -- (ReleaseWire) -- 10/31/2012 -- Medical Marijuana Inc. (PINK:MJNA) is extending its gains in mid-day trading today. At last check, MJNA was trading 9.60% higher at $0.137 on volume of 5.45 million, extending its gains in the last three trading sessions to over 58%.

MJNA is now trading close to its 52-week high of $0.16. The stock has seen strong upward momentum in the last few weeks and is expected to break through $0.16 level. MJNA is currently trading above its 50-day and 200-day moving averages, which is a strong bullish signal. The stock’s MACD is also giving strong bullish signals.

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

TagLikeMe Corp. (PINK:TAGG) is continuing to gain momentum in mid-day trading today. The stock is up 14.74% to $0.362 in trading currently on volume of 36.45 million, which is above the daily average volume of 35.44 million.

TAGG hit an intra-day high of $0.41 today and has now gained more than 187% in the last three trading sessions. TAGG is now trading close to its all time high of $0.48. TAGG is currently trading above its 50-day and 200-day moving averages, which is a bullish signal. The bullish trend is further confirmed by the stock’s MACD chart.

The technical indicators for TAGG point to further gains. The stock could face resistance at around $0.48.

Find out where TAGG could be heading by getting the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=TAGG

Poseidon Concepts (PINK:POOSF) is down sharply in mid-day trading today. At last check, POOSF was trading 3.41% lower at $14.99 on volume of 204,412, which is significantly above the daily average volume of 63,492. POOSF hit an intra-day low of $14.93 today.

The sharp drop on above average volume suggests that the market sentiment has turned bearish on POOSF. The stock has fallen below its 50-day moving average, which further confirms the bearish trend. POOSF could find support at around $14.75. If the stock falls below $14.75 then the next support level will be at around $14.

Get the latest trend analysis reports on POOSF by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=POOSF

Nestle SA (PINK:NSRGY) is marginally lower in mid-day trading today, extending its losses from last week. NSRGY is currently down 0.50% to $63.70 on volume of 116,555. The stock has now fallen more than 3% in the last three trading sessions.

NSRGY has traded in a tight range in the last few days. The stock is currently trading below its 50-day moving average, which is a bearish signal. If the stock falls below $63.70 support level the downward momentum could continue. The stock’s MACD chart is also giving bearish signals.

Get the free trend analysis report on NSRGY and have all the hints the traders need here: http://www.wallstreetreport.net/market-scan/?symbol=NSRGY

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