Will Medical Marijuana Inc (PINK:MJNA) Break Its Resistance Level

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Las Vegas, NV -- (SBWIRE) -- 02/04/2013 -- Medical Marijuana Inc (PINK:MJNA) is making its day this session. The share price has jumped more than 37 percent and still going up. The stock currently at $0.420 is trading near its highest in last 52 weeks of $0.50. This is not it the share price is supported by heavy volume of 44.46 million shares while on average it trades around the figure of 11.70 million shares per day.

The share price lowest in last one year is $0.02. Medical Marijuana Inc has proven to be very viable investment by showing its current bullish rally, but the big question is will it be able to sustain its current rally.

Current stock volumes and technical indicators do somewhat support its current bullish trend. The company also recently reported its financial results for the fourth quarter in which it reported the net profit of $3.39 million with revenues of $5.10 million for the 3 months ended December 31st, 2012.

To find out what OTCMAGIC projects for Medical Marijuana Inc for both short term and long term please click here: MJNA

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