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Turning our focus back to cannabis stocks yesterday proved to be a good decision, as more than a couple of them put up great performances on the day. Among those most impressive was ERBB, a stock that we’ve had on our radar for well over a year now.
During the ‘Green Rush’ that took place the first week of this year, we saw the stock shoot from the .002-range up to .0146. Upon pulling back, it found support and bounced from .0056, and made its way back as high as .011. It would pull back one more time, to .0063, before hitting a high of .0118 yesterday on extremely high volume. It’s safe to say that ERBB has brought us a host of huge gain opportunities in just the past few weeks.
We want to continue to keep an eye on ERBB. To find out why, take a look at the following video chart we’ve prepared:
Yesterday’s News:
- Tranzbyte Names PARC Dispensary as the First to Carry the Altitude Organix “ZaZZZ™” Automated Vending Machine (Thu, Jan 23)
Creative Edge Nutrition, Inc. FITX
FITX continued to breakout following yesterday’s report, trading immense volume (350M shares) to the tune of roughly 5X its 3mo. average, and hitting a high of .0648.
We ran across an interesting article regarding federal regulations for banks who wish to lend to marijuana-related companies. Attorney General Eric Holder announced that the fed intends to make it easier for banks to deal with these companies in the past. That means companies like FITX and many of the others we’ve talked about should be able to open up avenues toward better funding. >>>READ ARTICLE
Progress Watch Corp. PROW
Our recent favorite, PROW, continued to provide ample opportunities yesterday as it opened up trading as low as .0315, before touching a daily high of .079, a 151% intraday spike. From the low following our initial alert (.0067) on December 20th, PROW had seen a monumental increase of 1080% at yesterday’s high.
Resource Ventures, Inc. REVI
Yesterday, REVI touched a new high since we’ve been following it, at .011. That marks an overall gain of up to 49% since our initial report on Tuesday. It traded better-than-average volume, and maintained the support we were looking to see held at .0085.
We’re still waiting for the potential upcoming Golden Cross that appears to be forming on the REVI chart.
Options Trading Idea: TSLA $175 and $180 Weekly Calls for possible daytrading opportunity.
Extended Watchlist:
LUNA, KOOL, BDSI, ADMP