New York, NY -- (SBWIRE) -- 11/16/2012 -- Overseas Shipholding Group Inc. (OTCQB: OSGIQ) filed for bankruptcy under Chapter 11. The news led the stock to lose 51.46 percent in its current trading session and it traded in the range of $0.42 and $0.79 during the session. The stock had opened at $0.45 and closed at $0.55.
Overseas Shipholding Group has its first resistance level at $1.17. The stock has sunk at high volume showing bearish trend and it is likely to continue the trend. Overseas Shipholding Group is the second largest publicly traded tanker company in the world. The company will continue to operate during the bankruptcy proceedings.
Find out what else traders should know when trading OSGIQ by reading the free trend analysis report here: OSGIQ, Trend analysis report
Medical Marijuana Inc. (PINKSHEETS: MJNA) traded in the range of $0.12 and $0.14 during its latest trading session. The stock shows bullish trend, which is confirmed by its MACD and EMA charts. The stock had opened at $0.13 and closed at $0.13, up 10.87 percent from its previous close of $0.12. The stock made the up movement at the news of its healthy third quarter results. The company reported its revenue at $3 million while its net income for the quarter was reported at $1.19 million.
Medical Marijuana grew its quarterly revenue by 1500 percent. It has its first support level at $0.12. In the intermediate time period, the stock may test $0.15 resistance level.
Find out if MJNA could maintain its trend analysis report here: MJNA, Trend analysis report
Cannabis Science Inc. (OTCQB: CBIS) stock closed its latest trading session at $0.09, up 8.59 percent from its previous close of $0.08. Cannabis Science is likely to benefit from recent legislations passed for legalizing marijuana.
The stock shows bullish trend as confirmed by its MACD chart and the stock is also trading higher than its 6 days EMA of $0.08. Cannabis Science develops and markets pharma products containing phytocannabinoid. It is based out of Colorado Springs in Colorado.
Is CBIS showing any sign of buy at the current market price? Find out by getting our free trend analysis report here: CBIS, Trend analysis report
TagLikeMe Corp. (OTCQB: TAGG) stock closed its latest trading session at $0.08, up 3.36 percent from its previous close of $0.07. The stock opened the session at $0.08 and touched its highest price point at $0.09. TagLikeMe stock’s lowest price point for the session stood at $0.07. TagLikeMe offers cloud software solutions.
The company carries out of its business through its subsidiary Glob Media Works Inc. Its stock is in neutral mode and likely to maintain its trend in the near term and medium term. TagLikeMe stock may touch $0.11 level in the coming trading sessions. On the downside, the stock has support at $0.07.
Find out more about TAGG by reading the free trend analysis report here: TAGG, Trend analysis report
WallStreetReport.net issues momentum alerts on stocks that can provide gains to day traders. WallStreetReport.net provides members with timely information and exclusive alerts on cheap and under-valued stocks in the United States with the potential to deliver gains of 100% - 200% or more. WallStreetReport.net monitors and scans the markets for stock related signals as well as any external factors that might bring trading opportunities. Through a vast network of IR professionals WallStreetReport.net is often in the know of several large investor awareness campaigns being deployed.
Timing is everything when trading Penny Stocks. Gain an Edge by joining the WallStreetReport.net newsletter and receiving alerts from a Pro-Active team of researchers. Wall Street Report believes traders should have a chance at successfully trading Penny Stocks and invites traders and investors you to be part of the Free VIP membership.
Simply sign up for free and start receiving exclusive alerts.
Subscribe Here: http://www.WallStreetReport.net
Disclosure: WallStreetReport.net is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit WallStreetreport.Net website, for complete risks and disclosures.
Alexander K. Neumann
WALL STREET REPORT
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)