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Penny Stocks Decliners: (OTCQB: CNCT), (OTC Pink: MJNA)

 
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New York, NY -- (SBWIRE) -- 02/26/2013 -- China Teletech Holding Inc. (OTCQB: CNCT) traded in the range of $0.12 and $0.17 during its latest trading session. The stock had opened at $0.15 and is at $0.14, down 36.28 percent from its previous close of $0.22 with heavy volume. China Teletech Holding recorded the volume of 5.22 million shares. Its average daily trading volume stands at 862k shares. The stock price is trading below its short term moving average price of $0.16. While the stock is likely to remain bearish in short term time frame, it may turn neutral in medium time range as shown by its MACD chart. The stock’s first support levelisat $0.12.

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

Medical Marijuana Inc. (OTC Pink: MJNA) is showing bearish trend as it traded in the range of $0.2750 and $0.35 during its latest trading session. The stock had opened at $0.33 and is at $0.3079, down 5.70 percent from its previous close of $0.33. Medical Marijuana recorded the volume of 10.910 million shares, in comparison to its average daily trading volume of 15.937 million shares. The stock may tumble down to $0.30 level. Upon breaching this level, the stock may go down to $0.29.

On the up side, the stock may go as high as $0.31 in the coming trading sessions.

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

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