Continuing Cannabis Coverage
We mentioned yesterday that despite some slight pullbacks in a few of our marijuana-related stocks on Friday, that we had better be on the lookout for rebound action. There were definitely some opportunities for that provided by some of our favorite ‘pot stocks’. The majority of the sector did indeed experience further gains, and we certainly saw tons of volume on all accounts. Here are a few of the more stand-out performances from this sector that we have been tracking heavily for an extended period:
GreenGrow Technologies, Inc. GRNH
GRNH continued its multi-day run on Monday. This was one of the ones that did not pull back on Friday. GRNH has been on a strong uptrend since we caught it toward the end of last week as it was trading at .045, and as of yesterday’s high of .185, the stock had given us the chance to make up to 311% in profits in just three sessions.
GrowLife, Inc. PHOT
We’ve seen a low of .157 out of PHOT so far in 2014, and yesterday the stock continued to push upward, touching .239. That marks a solid 52% move since last Thursday.
Tranzbyte Corp. ERBB
ERBB saw a low of .0026 before surging as high as .0035, marking an intraday move of 35% on almost 10X its average volume.
Terra Tech Corp. TRTC
TRTC made a nice move on Monday as well, trading from its daily low at .157 up to .185 for a 16% intraday gain. This came on roughly three times the average volume.
Creative Edge Nutrition, Inc. FITX
FITX managed a gain of 15% on nearly 4X its 3mo. average volume, as it traded in a daily range from .0054-.0062
Oxygen Biotherapeutics, Inc. OXBT
We liked the session put up by OXBT following its inclusion in yesterday’s extended watchlist. The stock made a solid 15% move from 5.5788 up to 6.44 on heavy volume. We’ll continue to keep an eye on this play moving forward. The company has news out today, announcing a couple of upcoming conference appearances.
MORRISVILLE, N.C., Jan 07, 2014 (BUSINESS WIRE) — –Biotech Showcase(TM) 2014 on January 15thOxygen Biotherapeutics, Inc., (NASDAQ: OXBT) a specialty pharmaceutical company focused on developing and commercializing a portfolio of products for the critical care market, today announced that it is scheduled to present at two upcoming healthcare investor conferences in San Francisco.
Oxygen Biotherapeutics’ Chief Executive Officer, John Kelley will deliver a Company presentation at the OneMedForum on Monday, January 13th at 11:30am and the Biotech Showcase(TM) 2014 Conference on Wednesday, January 15th at 11:30am. Mr. Kelley will provide an update on the business operations, including the acquisition of certain assets of Phyxius Pharma Inc. and the development and near-term commercialization of levosimendan to prevent and treat cardiac surgery patients at risk for developing low cardiac output syndrome (LCOS).
AmeraMex International, Inc. AMMX
AMMX first appeared in our extended watchlist last Monday, and once again yesterday. During yesterday’s session we observed as the stock traded in a range from .0064-.0085, a 33% move. From last week’s low of .0047, that’s a gain of up to 81%
AMMX closed at the .0085 high of day on greater-than-average volume. Couple that fact with some of the indicators on the current AMMX chart, and this shows itself as a momentum play of great interest for the remainder of the week.
Origin Agritech, Inc. SEED
Another interesting pick from yesterday’s extended watchlist was SEED. The stock traded in a daily range from 2.15 up to 2.67 (+24%), and finished on a strong note 2.56. We can see that SEED is gapping up this morning, with premarket trades going off as high as 2.95. We’ll be eager to see how much more this play can continue to push the envelope.
PLUG, NBIX, STXS, VRS, RIBT, OCLS, HEB