The Daily Dab: A Quick Hit On Cannabis Stocks 01/28/14
The cannabis sector remained extremely volatile, with 7 double-digit percentage gainers and 8 double-digit percentage losers. About half the stocks had volume above the 30-day average, but, unlike the past few days, many of the losers traded heavy volume. 9 stocks traded over $5mm in value.
Note: The list has expanded to include the complete universe
5 Ways to Play the Hottest Trend in Cannabis
Plandai Biotechnology led the way, blasting to another multi-year high on record volume. Similarly, Tranzbyte (ERBB) posted its highest close in years, as volume expanded but was well below recent highs. Hemp, Inc. (HEMP) enjoyed its highest close since last February as volume increased. GW Pharma (GWPH) closed at the highs of the day as volume increased slightly from yesterday.
Alternative Energy Partners (AEGY), which is PharmaJanes.com, soared to a new recent high but then fell by 50% on huge volume. Easton Pharma (EAPH) gapped up but then quickly reversed as volume remained elevated. SK3 (SKTO) showed the exact same pattern.
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Source: http://ab.typepad.com/ab_analytical_services/2014/01/the-daily-dab-a-quick-hit-on-cannabis-stocks-012814.html
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