New York, NY -- (SBWIRE) -- 11/08/2012 -- Medical Marijuana Inc. (PINK:MJNA) ended sharply lower in trading today, paring some of the gains from Wednesday. MJNA fell 7.19% in trading today to finish at $0.129. Despite the sharp drop, MJNA is up nearly 5% in the last three trading sessions.
MJNA had been trading sideways before rising sharply in the previous trading session. However, the stock failed to breakthrough $0.l6 resistance level and saw a sharp correction in trading today. The MACD chart for MJNA is currently giving strong bearish signals. The MACD histogram is showing increasing downward momentum. MJNA could fall to $0.12, which is a support level. If the stock falls below this level then the downward slide could continue.
Get the latest full trend analysis report on MJNA by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=MJNA
Fannie Mae (OTC:FNMA) pared some of the gains from Wednesday, finishing sharply lower in trading today. FNMA dropped 5.44% to finish the day at $0.280 on volume of 10.78 million, which is nearly six times the daily average volume of 1.84 million.
FNMA had risen sharply in the previous trading session as investors digested the company’s quarterly results. However, the stock failed to breakthrough $0.30 resistance level and fell sharply in trading today. FNMA is still trading above its 50-day and 200-day moving averages, which is a bullish signal. The MACD chart is still giving bullish signal. If FNMA breaks through $0.30 resistance level then there is significant upside potential.
Find out where FNMA could be heading after today’s trading session by getting the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=FNMA
Implant Sciences Corporation (PINK:IMSC) rose marginally in trading today. The stock ended the day 1.79% higher at $1.14 on volume of 2.31 million, which is nearly 10 times the daily average volume of 246,172. The stock hit an intra-day high of $1.15 today.
IMSC’s gains today came on substantial volume, which indicates that the market sentiment has turned bullish on the stock. The MACD histogram for IMSC is showing decreasing downward momentum, a sign that the recent bearish trend may be coming to an end. IMSC could rise to $1.20, which is a stiff resistance level. If the stock breaks through this level, then it has significant upside potential.
Find out if IMSC could maintain its bullish momentum on a heavy volume by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=IMSC
Nestle SA (ADR) (PINK:NSRGY) ended nearly flat in trading today. The stock closed at $63, down 0.03% from Wednesday on above average volume of 468,104. NSRGY traded between $62.95 and $63.44 today.
NSRGY has in fact traded in a very tight range in the last few trading sessions. However, the stock’s MACD chart is signaling a rally. A bullish trend will be established once NSRGY crosses its 50-day moving average. The stock could face resistance at around $64. If it breaks through this level then the next resistance level is at around $67.
Find out where NSRGY could be heading on the very short term by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=NSRGY
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