The Daily Dab: A Quick Hit On Cannabis Stocks 02/05/14
The cannabis sector remained under accumulation, with 16 double-digit percentage gainers (and 3 that doubled) but also 4 double-digit percentage losers. Almost half of the stocks had volume above the 30-day average, with most of those showing gains on the day. 12 stocks traded over $5mm in value.
The three stocks that doubled, EXMT, LATF and EAPH are all very small in market cap, as were the next biggest winners, RFMK and ZDPY. Cannabis Science (CBIS) was the biggest winner among larger stocks, with volume expanding. Hemp, Inc. (HEMP) continued to run, with volume declining but well above average.
FusionPharm (FSPM) was the biggest decliner, with volume accelerating. Medbox (MDBX) broke key support, trading to levels not seen since 1/6, with volume accelerating.
Press Releases:
Street.com coverage
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Source: http://ab.typepad.com/ab_analytical_services/2014/02/the-daily-dab-a-quick-hit-on-cannabis-stocks-020514.html
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