November 12, 2012 at 00:37 AM EST
Pre-Market Trading Commentary On High Volume Penny Stocks: (OTCQB: CBIS), (OTCQB: TAGG)

New York -- Cannabis Science Inc. (OTCQB: CBIS) rose sharply in its last trading session, 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 its momentum by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=CBIS TagLikeMe Corp. (OTCQB: TAGG) fell sharply on Friday November 9th, ending the day 23.67% lower at $0.0890 on volume of 40.68 million, which is below the daily average volume of 52.16 million. TAGG fell nearly 70% this week.

TAGG has fallen sharply since the stock hit $0.400 resistance level. The stock has fallen below its 50-day moving average, which is a bearish signal. The MACD chart for TAGG is also giving bearish signals. The MACD is trading below the signal line and the histogram is indicating increasing downward momentum. TAGG has support at $0.08. If the stock falls below this level then it could see significant losses.

Find out when could be the best moment to trade TAGG in the short term by reading the full and free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=TAGG About Us: WallStreetReport.net issues momentum alerts on stocks that can provide gains to day traders. WallStreetReport.net provides members with timely information and exclusive alerts on cheap and under-valued stocks in the United States with the potential to deliver gains of 100% - 200% or more. WallStreetReport.net monitors and scans the markets for stock related signals as well as any external factors that might bring trading opportunities. Through a vast network of IR professionals WallStreetReport.net is often in the know of several large investor awareness campaigns being deployed.

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