Pazoo, Inc. PZOO
PZOO continues to command our attention this week; for those of you who may not remember, we introduced this play on October 20th at which time it was trading hands at a low of .0225.
The last time we looked in on PZOO, it had been making progress, and we mentioned that our key area of resistance was at .038. Yesterday’s session brought a break of that barrier, as we saw the stock run up to a new high of .042. That marks an 87% overall move up over a span of a dozen sessions. As it stands now, the next primary area of resistance the stock has to contend with sits at a nickel.
The surge on the chart is just one of the developments which has occurred in the weeks since we first caught it. The company also announced the expansion of its online information network with the introduction of new portals at PAZOOFINANCE.COM and PAZOOFITNESS.COM.
In addition, we received an update on Pazoo’s connection to the medical marijuana sector, cannabis testing firm MA & Associates. First announced on Monday, the firm has linked up with Steep Hill Labs, which already operates testing facilities in other states. MA & Associates will be dually billed as Steep Hill Nevada, and has just received the green-light from the State of Nevada, becoming one of the first testing facilities to receive an official State License to test and analyze medical marijuana for Nevada’s recently-adopted program. >> Official PR
Marijuana Initiatives Pass in AK, OR & D.C.
Over the last few months, we’ve frequently been reminding our readers to pay attention to votes on cannabis initiatives that were coming up in several jurisdictions. On Tuesday, voters in two more states and the nation’s capital (pending congressional approval) green-lighted recreational marijuana.
It’s going to accelerate the spread of what we’ve been calling the beginning of the end for pot prohibition, not to mention shine an even brighter light on the cannabis sector, which has already begun to pick up steam of late.
Each time marijuana proponents strike a victory blow, we share in the satisfaction. After all, we’ve been touting the sector for even longer than the mainstream media. Our coverage spans further back than even the first passed measures, all the way back to 2012. We’ll be sure to keep following the whole story along with our mammoth list of tracked pot stocks, and pass along any developments to you.
Morning Gappers:
Vapor Corp. VPCO
YOU On Demand Holdings, Inc. YOD
We caught both of these stock gapping up in the premarket this morning that we think are worth watching as the session kicks off. VPCO is gapping up approximately 8% while YOD is up a full 15% in early trading.
Extended Watchlist:
CBIS, HEMP, ERBB, GRNH, TRTC