New York (November 9th, 2012) - Cannabis Science Inc. (OTCQB: CBIS) rose sharply in trading today, extending its gains for the week. CBIS has been soaring following some positive developments for the medical marijuana industry. The stock rose 29.71% to finish the day at $0.0895 on volume of 51.03 million, which is more than eight times the daily average volume of 6.32 million. The stock has gained more than 86% in the last three trading sessions.The volume activity for CBIS indicates that the bullish trend is likely to continue for a while. The stock is trading well above its 50-day and 200-day moving averages and has also broken through $0.08 resistance level. The MACD histogram is also indicating increasing upward momentum.
Find out if CBIS could maintain the momentum in the short term by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=CBIS GreenGro Technologies Inc. (PINKSHEETS: GRNH) also saw a huge rally in trading today, extending its gains from the previous trading sessions. GRNH rose 183.33% to finish the day at $0.0850 on volume of 11.56 million, which is significantly above the daily average volume of 489,743.
GRNH has gained 240% in the last three trading sessions. The stock today broke through $0.045 resistance level, which is a bullish signal. The stock is trading well above its 50-day and 200-day moving averages, which further confirms the bullish trend. The stock’s MACD has crossed the signal line on the upside. The MACD histogram indicates that the upward trend is likely to continue.
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