New York, NY -- (SBWIRE) -- 11/19/2012 -- TagLikeMe Corp. (PINK:TAGG) is sinking in mid-day trading today, extending its losses from last week. The stock is currently down 12.27% to $0.0615 on volume of 7.83 million, which is significantly below the daily average volume of 49.93 million. TAGG has now fallen 30.9% in the last five trading sessions.
Although TAGG is down sharply today, the volume is significantly lower than the daily average volume. This suggests that the recent bearish trend is coming to an end. If TAGG breaks through its 50-day moving average, a strong bullish trend will be established.
TAGG, which provides Internet cloud-based software application related to online search and social media, earlier this month announced that its unique new user count rose more than 1800% in October.
Find out if TAGG could bounce back in the very short term by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=TAGG
After last week’s huge sell-off Poseidon Concepts Corp. (PINK:POOSF) is rebounding in mid-day trading today as bargain hunters move. POOSF had tumbled more than 60% in a single trading session last week after the company gave a weak outlook. The stock hit an all-time low of $4.49 last week.
However, the sharp fall has provided an attractive entry point. POOSF, which is engaged in renting fracturing fluid handling tanks primarily used in well completion operations in the oil and natural gas industry in western Canada and the U.S., is currently trading 10.17% higher at $5.19 on volume of 333,134, which is nearly two times the daily average volume of 187,553. Despite the gains today, the stock is still down more than 60% in the last three trading sessions.
Find out when could be the best moment to trade POOSF by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=POOSF
Another major gainer on the OTC market today is Bio-Matrix Scientific Group Inc. (PINK:BMSN), a designer, developer and marketer of medical devices. BMSN is soaring in trading today after the company announced that its wholly-owned subsidiary, Regen, initiated pre-clinical study in support of HemaXellerate™ cell therapy.
At last check, BMSN was trading 166.67% higher at $0.0016 on above average volume of 168.62 million. The sharp rise on significantly higher volume indicates that the market sentiment has turned bullish on BMSN. The stock had fallen 40% last week. However, it has pared all its losses from last week thanks to today’s huge rally.
BMSN has crossed its 50-day moving average today, which is a strong bullish signal. The stock’s MACD has crossed the signal line on the upside, which is a strong buy signal. BMSN could face resistance at around $0.0020. If the stock breaks through this level then the next resistance level will be at $0.0030.
Find out more about BMSN by reading the free trend analysis report here; http://www.wallstreetreport.net/market-scan/?symbol=BMSN
Medical Marijuana Inc. (PINK:MJNA), a company engaged in the medical marijuana and industrial hemp markets, is down sharply in mid-day trading today. At last check, MJNA was trading 3.39% lower at $0.114 on volume of 4.90 million, which is well below the daily average volume of 10.93 million. MJNA had a decent run last week, finishing the week 4.42% higher.
The stock gained last week after the company reported its third-quarter financial results. The company posted a significant increase in its revenue and income in the third quarter.
MJNA has been facing stiff resistance at around $0.13. If the stock breaks through this level in the next few trading sessions, then there is significant upside potential.
Find out where MJNA could be headed by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=MJNA
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