The Universe, week of March 9 2015
Note: I publish “The Universe” every weekend, updating my support and resistance calculations for Marijuana sector stocks. It is not a projection, but a handy reference… Non-Marijuana stocks are covered elsewhere during the week .]
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Last week”s Universe || Prior week”s Universe || Previous week”s Universe ||
The broader sector continues to be range bound. In one way, individual performances are the exception. But in another way, they are also the rule. Reactions to positive developments continually prove that good new can attract buyers.
We can apply that rule in reverse, too. Good news that doesn”t attract buyers may be suspect. Not necessarily for its veracity altogether, but at least for its significance.
I don”t want to spotlight any singular company over another, and I should point out that these anecdotes are just that, anecdotal. There has been an endless stream of seemingly positive developments among several issues like ERBB, FITX and TRTC. Yet, their downtrends have not only persisted, but their downtrends have also extended to new lows.
So, be aware that reversing up from new lows without delay is unrealistic. And also be aware that downtrends maintained against the backdrop of good news are even less likelier to reverse up soon.
None of which prevents reacting up abruptly and aggressively from testing support. Sometimes, from barely touching or attacking support. Just be aware that those reactions are likely only temporary.
| Marijuana Stock Universe for March 9, 2015 | |||
| Reference this table during stock reactions | |||
| 4-week | # up: | 16 | 14.55% |
| trends* | # flat: | 27 | 24.55% |
| # down: | 67 | 60.91% | |
| *The percentages of stocks rising or falling over 4 weeks. | |||
| symbol | support | resistance | 4-week trend |
| ACAN | 0.050 | 1.260 | down |
| ACGX | 0.000 | 0.003 | flat |
| AERO | 3.550 | 4.550 | flat |
| AGTK | 0.015 | 0.103 | down |
| AMMJ | 0.360 | 0.570 | down |
| ARNA | 4.150 | 5.300 | up |
| ATTBF | 0.093 | 0.175 | flat |
| AVTC | 1.050 | 1.480 | down |
| AXXU | 0.066 | 0.377 | down |
| BLOZF | 0.280 | 0.570 | up |
| BLPG | 0.120 | 0.370 | down |
| BNRDF | 0.605 | 0.795 | flat |
| BRDT | 0.032 | 0.094 | down |
| BTFL (cank) | 0.071 | 0.232 | down |
| CANL | 1.050 | 1.570 | flat |
| CANN | 3.150 | 6.700 | down |
| CANV | 2.380 | 3.470 | flat |
| CARA | 9.960 | 12.450 | up |
| CBCA | n/a | n/a | down |
| CBDS | 5.100 | 8.150 | down |
| CBGI | 0.002 | 0.015 | down |
| CBIS | 0.045 | 0.065 | down |
| CGRW (bzcn) | 0.530 | 0.960 | flat |
| CHUM | n/a | n/a | down |
| CNAB | 1.185 | 2.035 | up |
| CTCO | 0.060 | 0.330 | down |
| DEWM | 0.001 | 0.004 | down |
| DIGP | 0.025 | 0.100 | down |
| DSCR | 0.000 | 0.025 | down |
| EAPH | 0.013 | 0.028 | flat |
| EDXC | 0.031 | 0.077 | down |
| ENDO | 0.014 | 0.031 | down |
| ENRT | 0.048 | 0.100 | flat |
| ERBB | 0.009 | 0.013 | down |
| ETST | n/a | n/a | down |
| EXMT | 0.000 | 0.004 | down |
| FITX | 0.008 | 0.016 | flat |
| FOFU | 0.025 | 0.066 | up |
| FRTD | n/a | 0.008 | flat |
| FSPM | 0.018 | 0.460 | flat |
| FULL | 3.550 | 4.140 | down |
| FWDG | 0.005 | 0.018 | down |
| GBLX | 0.208 | 0.486 | down |
| GRCU | 0.003 | 0.008 | flat |
| GRNH | 0.090 | 0.174 | down |
| GWPH | 79.900 | 87.650 | up |
| HEMP | 0.032 | 0.048 | flat |
| ICBU | 0.004 | 0.011 | down |
| IGPK | n/a | n/a | down |
| IGRW | 0.000 | 0.002 | down |
| IMLFF | 0.236 | 0.320 | up |
| INCC | 0.001 | 0.007 | flat |
| INSY | 55.000 | 61.750 | up |
| ITNS | 0.006 | 0.011 | down |
| LATF | 0.001 | 0.003 | down |
| LXRP | 0.060 | 0.129 | flat |
| MCIG | 0.009 | 0.177 | down |
| MCPI | n/a | n/a | flat |
| MDBX | 0.950 | 2.270 | down |
| MDCN | 0.000 | 0.168 | down |
| MDRM | 0.024 | 0.060 | down |
| MINE | 0.007 | 0.014 | up |
| MJMD | 0.000 | 0.015 | down |
| MJMJ | 0.020 | 0.499 | down |
| MJNA | 0.099 | 0.160 | down |
| MJNE | n/a | n/a | down |
| MNTR | 0.810 | 1.550 | flat |
| MYEC | 0.012 | 0.027 | down |
| MYHI | 0.070 | 0.330 | down |
| NDEV | 0.200 | 0.440 | flat |
| NRTI | 0.014 | 0.048 | flat |
| NTRR | 0.027 | 0.148 | down |
| OGRMF | 0.304 | 0.615 | down |
| OSLH | 0.002 | 0.009 | down |
| OWCP | n/a | n/a | n/a |
| OXIS | 0.036 | 0.056 | up |
| PAUFF | n/a | n/a | down |
| PHOT | 0.019 | 0.065 | down |
| PKPH | n/a | n/a | up |
| PLPL | 0.220 | 0.315 | down |
| PMCB (nvlx) | 0.098 | 0.188 | down |
| PNTV | n/a | n/a | flat |
| PZOO | 0.005 | 0.020 | down |
| QEDN | 0.001 | 0.007 | down |
| REDG | 0.000 | 0.003 | up |
| RFMK | 0.000 | 0.002 | down |
| RSSFF | 0.069 | 0.266 | flat |
| SING | 0.008 | 0.017 | up |
| SKTO | 0.000 | 0.004 | down |
| SPRWF | 0.198 | 0.283 | down |
| SRNA | 0.150 | 0.350 | down |
| STEV | 0.071 | 0.100 | flat |
| TAUG | 0.012 | 0.017 | flat |
| THCZ | 0.026 | 0.041 | up |
| TRTC | 0.165 | 0.232 | down |
| TURV | 0.410 | 0.775 | down |
| TWMJF | 1.670 | 2.250 | flat |
| UPOT | 0.150 | 0.550 | down |
| USEI | 0.000 | 0.003 | flat |
| UTRM | 0.000 | 0.000 | down |
| VAPE | 0.490 | 0.930 | down |
| VAPR | 0.030 | 0.090 | flat |
| VGPR | 0.000 | 0.002 | down |
| VHUB | 0.019 | 0.040 | down |
| VPCO | 0.820 | 1.290 | down |
| VPOR | 0.002 | 0.038 | down |
| VRCI | 0.000 | 0.009 | down |
| WDHR (anyi) | 0.000 | 0.002 | down |
| WOGI (cybk) | 0.004 | 0.009 | up |
| XTRM | 0.003 | 0.007 | up |
| XXII | 0.710 | 1.160 | down |
| ZDPY | n/a | n/a | n/a |