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Stocks Traders Should Be Looking out For: (PINK:TAGG), (PINK:PWEID), (PINK:CBIS), (PINK:IMSC)

 
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New York, NY -- (SBWIRE) -- 11/08/2012 -- TagLikeMe Corp. (PINK:TAGG) is rebounding after falling sharply in the last few trading sessions. TAGG is currently trading 18.71% higher at $0.101 on volume of 33.02 million, which is below the daily average volume of 49.46 million.

TAGG is rebounding after finding support at $0.10. The stock is likely to face resistance at around $0.12. If it breaks through this level then there is some upside potential. However, the technical indicators for TAGG are still giving bearish signals. The stock’s MACD is below the signal line, which is a strong bearish signal. The MACD histogram is also indicating increasing downward momentum.

Find out if TAGG could maintain its winning momentum in the very short term by reading the full trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=TAGG

PacWest Equities Inc. (PINK:PWEID) is up sharply in trading currently. At last check, the stock was trading 4.83% higher at $0.760 on volume of 1.24 million. PWEID has now gained more than 24% in the last three trading sessions.

PWEID’s daily chart shows that the stock has seen a series of higher highs, which is a bullish signal. The stock is also trading above its 50-day moving average, which further confirms the bullish trend.

Find out where PWEID will be heading in the upcoming trading sessions by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=PWEID

Another stock that has benefited from recent positive developments in the medical marijuana industry is Cannabis Science Inc. (PINK:CBIS) However, unlike MJNA, CBIS is extending its gains in trading today. The stock is currently up 8.53% on volume of 8.14 million, which is well above the daily average volume of 5.14 million.

CBIS has now gained nearly 30% in the last three trading sessions. The stock has now broken through $0.055, which has been a stiff resistance level. This is a strong bullish signal. The stock’s MACD chart further confirms the bullish trend. The MACD has crossed the signal line on the upside, while the MACD histogram is also indicating increasing upward momentum.

Find out more about OTCQB and how the stock could do in the short and long term by reading the full trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=OTCQB

Implant Sciences Corporation (PINK:IMSC) is sinking in mid-day trading today. The stock is currently down 16.07% to $0.940 on volume of 1.45 million, which is nearly six times the daily average volume of 246,712. The stock hit an intra-day low of $0.75.

The sharp decline in IMSC on above average volume indicates that the market sentiment has turned bearish on the stock. This is further confirmed by IMSC’s daily price chart. The stock has fallen below its 200-day moving average, which is a bearish signal. IMSC has support at around $0.90. The stock could rebound after hitting this support level.

Get the latest and most updated trend analysis report on IMSC by reading the free report here: http://www.wallstreetreport.net/market-scan/?symbol=IMSC

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