Medical Marijuana Inc (PINK:MJNA), Swingplane Ventures (OTC:SWVI) Are Penny Stocks Buzz

Lakeway, NY -- (SBWIRE) -- 02/21/2013 -- ThePennyStockProfiler.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

Medical Marijuana Inc (PINK:MJNA) is the stock which has been catching a lot of attention among penny stock traders as the stock has witnessed increased volatility over the past couple of months.

The stock started to move higher when it was trading at just $0.139 and in a month of time the stock soared to a new 52-week high of $0.50 by mid February on increased volume.

Is MJNA Truly a Pump And Dump Story? Or Investors can Buy After The Recent Correction? Get Free Research report Here

However, as soon as the stock started gaining more and more attention, MJNA started correction and corrected almost 50% from its high in just a week. Seems like the big investors who bought the stock at lower levels started to dump the stock on hefty profit.

It’s not easy to trade penny stocks, especially when it is not backed by any kind background support. MJNA is not an exception, hence the stock started to lose momentum.

SWINGPLANE VENTURES (OTC:SWVI) is another stock which has been creating lot of buzz as the stock has been hitting new 52-week high every new day. Yesterday, the stock closed higher by 10.37% at $0.905 and hit a new high of $1.

Can SWVI Cross Above $1? Or Will It Retreat Now? Don’t Moss out Special Trend Analysis Here

The shares of SWVI have more than doubled in a week – WOW, that’s amazing for a penny stock lover. Well, one needs to be cautious while trading SWVI at current price as there were no major news which could justify the solid rally.

Earlier this week, the company had issued updated information pertaining to the Algarrobo property.

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