Max Sound Corp. MAXD
After congratulating ourselves on observing a 112% rip from MAXD after tagging it in Thursday morning’s premarket report the stock wasn’t finished. Just as a refresher, our observed low that morning was .0033 and the high came in at .007.
We said we wanted to keep tracking the stock due to a strong close and the momentum did indeed carry over into the new trading week. After the slightest dip to .006 first thing in the morning yesterday, MAXD once again took off northward, reaching a new high at an even penny.
The activity was good for isolated intraday gains of up to 67%, and at that penny high, it represented a two-session upswing of 203% over our observed low from Thursday. As long as MAXD continues to register higher base levels of support as it has done thus far, it will retain our attention.
Alder Biopharmaceuticals, Inc. ALDR
ALDR was an inclusion from yesterday’s watchlist as well, and we saw some excellent intraday gains, especially considering its elevated price range. We watched as it traded up from a low of 21.75 and reached a subsequent high of 27.79.
That represents a single-session advance of 28% which is all the more impressive coming from a $20+ stock. The move came on roughly fifteen times the 3-month average volume, and was facilitated by news of positive migraine study results.
Also included in our report yesterday was a list of marijuana stocks we’ve tracked over a period of years, that we wanted to revisit to kick off the week, as investor interest in the cannabis space seems to be on the rise of late. In addition to HEMP, which made a small double-digit increase but had a relatively modest session by comparison, the following pair each made gains of a more substantial nature:
GreenGro Technologies Corp. GRNH – First up, GRNH made an impressive daily swing as it traded in a range from .03-.05, for potential profits of up to 53% being made possible on the day.
Terra Tech, Inc. TRTC – The other runner was TRTC, which made a move from .33-.41, a 24% increase. We’re going to continue to reserve a spot on our radars for this one as well, especially with a post-market earnings call slated for this afternoon. (Click through to PR for participation info)
*We also have a reminder for our readers of a couple other pot plays we’ve tracked in the past that we’re going to be monitoring more closely in the light of increased sector activity: PHOT, VAPE
Extended Watchlist:
AMBA, MINE, TAPM, OHRP, WATT