The Daily Dab: A Quick Hit On Cannabis Stocks 03/18/14
The sector rallied again, with 58% of the group risng. There were 11 double-digit percentage gainers and 4 double-digit percentage losers. Stocks with volume above the 30-day average was stable at 44%, with 8 stocks trading over $5mm in value.
Latteno Foods (LATF) bolted higher following the release of earnings, with volume jumping to levels not seen since early February. Vapor Group (SPLI) set a new high on slightly higher but below-average volume. Zoned Properties (ZDPY) bounced back after having lost over 1/2 its value from the peak earlier this month.
Tauriga (TAUG) led the way lower but failed to close the gap. Easton Pharma (EAPH) stalled at yesterday’s highs and then reversed sharply lower. Growlife (PHOT) was hammered following a negative article on Seeking Alpha.
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Source: http://ab.typepad.com/ab_analytical_services/2014/03/the-daily-dab-a-quick-hit-on-cannabis-stocks-031814.html
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