LONDON, April 23, 2014 /PRNewswire/ --
The volume picked up from the hangover of the long weekend in trading yesterday but still a way off the levels we witnessed over the last month. We expect that volume to pick up substantially as we move into earnings season and the last couple of months before the summer slowdown.
Onco Sec Medical (OTC: ONCS) continued to be tracked after the stock climbed up the volume charts in early trading on Tuesday in the markets. Shares in Onco Sec Medical were higher by more than 8% on $2.2 million in volume. With resistance around the $0.90 cent level it seems the company could be on the comeback trail.
CannaVest Corporation (OTC: CANV) was back on the watch list today for the wrong reasons for once as it traded lower by 24% all be it on lighter volume. CannaVest remained one of the heaviest traded stocks within the OTC market in a strong trading day for the stock.
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MedBox, Inc. (OTC: MDBX) had a heavy days trading in a lightly traded market also with a close lower in the mid $23.00 range. The stock in similar fashion to CannVest has been the subject of much attention over the last few months climbing to more than $100 per share at one point. The volume was over $2.5 million but has been increased substantially over the last week as the stock has moved 30% since we last reported on Thursday of last week. We will continue to track shares which did pull back around 5% in today's action.
Avworks Aviation (OTC: SPLI) was the heaviest traded stock on the board outside of Fannie Mae (OTC: FNMA) trading just under $3 million with shares pulling back just a few percentage points today. The stock is looking to trade higher to the resistance point of last week and has most likely been the subject of profit taking.
mCig (OTC: MCIG) was one of the green lights in a sea of red as that stock continued its charge towards $0.90 per share, closing just below $0.60 in a heavy traded day for the company. Shares were higher by 7% on more than $2.5 million traded.
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SOURCE AMG Global Advisors Ltd