Tag Archives: MDBX stock

2016 Starts With A Splat, But Traders Thrive In A Volatile Market!

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Hi Everyone & Welcome New Subscribers,

We hope all of you had a safe and very happy holiday season. We certainly did, and were reminded (as we are every year) how thankful we are to be in a position to live our passion and trade the market daily; something we all take for granted on a daily basis.

The New Year rang in with a sea of red, as U.S. markets felt the pressure from overseas following China’s Shanghai composite falling -6.86% which was exacerbated by the use of newly installed circuit breakers meant to curb panic. Those never really work as planned, do they?

U.S. markets recovered, relatively speaking, with the NASDAQ and the most popular ETF in the U.S., the SPDR S&P 500 (SPY), which tracks the S&P index, closing at session highs.

While OTC Markets remained unfazed (as usual) by the drama unfolding abroad and here at home, certain names moved higher with increasing volume.

Today’s standouts included Medbox, Inc. (MDBX) and Sunshine Biopharma (SBFM), which have both been hot topics in our absence over the past week.

Medbox, Inc. (MDBX) has made some exciting announcements over the past couple weeks, first announcing they entered into a business agreement to create a large U.S. source of CBD oil, and then (more importantly) added last week that they had reached an agreement with one of their primary lending sources to put a temporary restriction on converting shares through next month.

Shares of Medbox closed up 55.77% today, with a noticeable increase in trading volume, as more than 17.5 million shares exchanged hands between .02-.0415, and finished at .0405.

Watch for a potential move to the 50 day moving average of .047, or a more psychological level such as .05, and if support starts to form above those levels and another strong close follows, a move to the next resistance range near .075 could be in the works.

Sunshine Biopharma (SBFM) has also made smooth moves in our absence, following the announcement last week that they acquired all remaining worldwide patents for its ‘Adva-27a’ anti-cancer compound, and is up nearly 1000% since as a result of said news.

While shares seem overbought at current prices, the stock has been accumulated on each dip over the past week, and buyers could seek to push it higher before it even thinks of going lower.

Ideally, we would like to see support at the 200 day moving average of .015, and a potential push past .02 (or higher) again for a trade idea.

Keep both Medbox, Inc. (MDBX) and Sunshine Biopharma (SBFM) on close watch tomorrow for continued moves higher.

Lets make 2016 another great year filled with profitable trades that make sense.

Happy Trading & Happy New Year!

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The Penny Stock Experts Team At TodaysPickis.com

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