Stocks To Watch 02/01/2013 – MJNA SWVI GNIN TRTC

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MJNA had an amazing day today, closing up 28%, and trading over 34 million shares. The stock broke major resistance at .16c yesterday, which presented a nice breakout today. SWVI, which we have covered regularly, was ever-so resilient today too.



MJNA – Continued Watch – (Medical Marijuana Inc.) – closed up 28%, at .224c a share, on over 34.28 million shares traded today. The stock traded higher the entire day, consolidating over .20c the majority of today’s session, before making new highs of .23c toward days end. It’s likely the stock will have some early morning momentum, but trading is the game of buying dips and selling rips. Look for MJNA to form solid support near old resistance at .16c as a possible re-entry. Keep it on close watch the next few days.



SWVI  Continued Accumulation/Momentum – (Swingplane Ventures Inc.) – closed up 4.99%, at .379c a share, on over 20.3 million shares traded today. The stock
dipped to the .30c range before finding heavy support at old resistance, and made a powerful move this afternoon, closing just off it’s .382c high of day. The stock has been quite resilient the past few days, and one important thing we noted was Capital Financial Media joining the scene as they have with other successful PremiumStockReport campaigns. Today PennyStockPillager (owned by CFM) joined the budget for $500,000, leading us to believe more awareness could be in store over the short term, and that the stock could go higher. Keep 
SWVI on watch and keep a close eye on price dips like we saw today.



GNIN  Accumulation/Promotion Watch – (Green Innovations Ltd.) – closed up 3.26%, at .95c a share, on 448,000 shares traded today. The stock has moved higher six out of the past seven days (closing at high of day most the time), and is starting to reminisce the likes of LUXR and ECAU, that started off quiet with big blocks being absorbed, and ran past $2.00 shortly after. You’re going to want to keep an eye on GNIN if you’re not already watching. Keep it on close watch.



TRTC  Momentum/Breakout – (Terra Tech Corp.) – closed up 11.11%, at .53c a share, on 169,000 shares traded today. The stock has been featured on our bl
og several times over the past month or two, since the stock was trading near .35c, and has been our outspoken “cannabis” pick on our watch lists. The stock closed at high of day today and a reversal appears to be forming on the daily chart. Keep an eye on 
TRTC for a continued move higher as the cannabis sector continues to heat up.

Other Cannabis stocks to catch sector momentum include: PHOT, GRNH, CBIS, HEMP, and MWIP.



Happy Trading!

The Penny Stock Experts Team at Todayspickis.com



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