United Treatment Centers, Inc. UTRM
We hope that everyone has UTRM on their radar this morning. It is a play with impressive momentum that we caught off of our scanner on Friday.
After opening at .0045, UTRM shot up to .0082 (+82%). It dipped back to .0067 in the afternoon, before making another push to a new high of .0088 (+31%), bringing cumulative intraday gains to 113% The overall move from the low to the high was 96%
UTRM traded over a billion shares last week, and appears to be gapping up past Friday’s resistance at .0089. so we wouldn’t be surprised to see that momentum carry over into this week. We are placing UTRM on high alert for that reason, as well as its entry into the pot sector.
Per a recent PR, UTRM has a new marijuana-related website coming out on the 28th, so we’ll be waiting to take a look at the finished product.
Newcomers to the Marijuana Sector
Due to the extreme gains we’ve seen from so many companies that have chosen to take advantage of recent hysterical trend toward everything cannabis, we have another couple stocks to throw into the mix.
G&S Minerals, Inc. GSML
We are going to want to tack this symbol onto our marijuana stock watchlist as GSML attempts to make the transition into the pot sector. We’ll also we on the lookout for further updates regarding the specific direction the company takes.
Supreme Pharmaceuticals, Inc. SPRWF
Chasing runners of this magnitude can be a risky prospect, so remember, the eventual pullback that is bound to happen at some point, will often give rise to one or more substantial bounce opportunities.
CALGARY, ALBERTA, Mar 24, 2014 (Marketwired via COMTEX) — Supreme Pharmaceuticals Inc. (the “Company”) (TSX VENTURE: SL)(OTCBB: SPRWF) is pleased to announce that the Company has signed a conditional agreement with an arms-length South Okanagan-based company, whereby the Company has the option to purchase its producing medical marijuana business for up to twelve months for the sum of $1,000,000, payable in cash and shares, subject to regulatory approval. The Company is currently in a 10-business day due diligence period and if satisfied, Supreme will make a $100,000 option payment.
Plays that did well last week that we want to continue to monitor: MNGA, and PBR (May $12 Calls)
ORFG, ICLD, IDN, HEB, CAMT, PAL, CREG, UBIC