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Mid-Day Update on Selected Picks: (PINK:TAGG), (OTC:AMBS), (OTC:FNMA), (PINK:HEMP)

 
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New York, NY -- (SBWIRE) -- 11/07/2012 -- TagLikeMe Corp. (PINK:TAGG) is sinking in mid-day trading today, extending its losses for the week. The stock is currently down 31.95% to $0.0850 on volume of 37.88 million. TAGG has now fallen nearly 69% this week.

TAGG has been seeing selling pressure since last Friday. The stock has now fallen below its 50-day moving average, which is a strong bearish signal. The stock’s MACD has also fallen below the signal line, which further confirms the bearish trend. The MACD histogram for TAGG indicates increasing downward momentum.

Find out where could be the best moment to trade TAGG by getting the full trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=TAGG

Amarantus BioSciences Inc. (OTC:AMBS) is down sharply in mid-day trading today. At last check, AMBS was down 12.54% to $0.06 on volume of 31.93 million.

AMBS has posted significant gains in the last few trading sessions. However, the stock is seeing a correction in trading today. The technical indicators for AMBS are still giving bullish signal though. The stock is also above its 50-day and 200-day moving averages.

Find out more about AMBS and where the stock could be heading by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=AMBS

Fannie Mae (OTC:FNMA) is up sharply in mid-day trading today. The stock is currently up nearly 5% to $0.29 on volume of 11.91 million, which is more than 3 times the daily average volume of 3.5 million.

FNMA has risen sharply after trading sideways in the last few weeks. The sharp rise on above average volume indicates that the market sentiment has turned bullish on the stock. The stock is now trading close to $0.30, which has been a stiff resistance level in the past. If the stock breaks through this level then it can post significant gains in the next few trading sessions. The stock’s MACD has crossed the signal line on the upside, which indicates that a bullish trend is underway. The stock is also above its 50-day and 200-day moving averages, which further confirms the bullish trend.

Read the following trend analysis report to see how FNMA could do in the very short term: http://www.wallstreetreport.net/market-scan/?symbol=FNMA

Hemp Inc. (PINK:HEMP) is rebounding after falling sharply in the previous trading sessions. The stock is currently trading 6.52% higher at $0.0490 on volume of 11.80 million, which is significantly above the daily average volume of 3.63 million. Still, the stock is down more than 33% this week.

The sharp rise in trading today on above average volume suggests that the market sentiment has turned bullish on HEMP. The stock’s MACD is still giving bearish signals. However, a strong bullish trend will be established once the MACD crosses the signal line on the upside.

Find out more about HEMP by getting the full trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=HEMP

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