The Universe, week of May 18 2015… Falling to the occasion.
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.]
Links to ||
Last week”s Universe || Prior week”s Universe || Previous week”s Universe ||
Last week in this space I beseeched the sector to produce some valid leadership, immediately. The sector did not listen to me. Several issues that had been toying with support probed lower. Several issues with flat rolling 4-week moving averages shifted down. Only thanks to a couple of improved issues did the percentage hold double-digits.
By way of describing how leadership could extend throughout the sector, I pointed to then-current price action in MCIG and VAPE. The former didn”t follow-through, but the latter did end the week at a new relative high. Worth at least looking at. I”ll update it on the Activity Feed, as I did with the GBLX signal I pointed out one week ago at .28 — this week ended with my .46 target serving as support to a pullback from .74.
The extended pop-ups appearing sporadically among issues, whether or not news-driven, probably won”t be enough to entice broader buying. But coining a phrase, a triple here and a triple there, and pretty soon you”re talking about real potential. For the broader base, hopefully it”s darkest before the dawn.
| Marijuana Stock Universe for May 18 2015 | |||
| Reference this table during stock reactions | |||
| 4-week | # up: | 10 | 10.00% |
| trends* | # flat: | 22 | 22.00% |
| # down: | 68 | 68.00% | |
| *The percentages of stocks rising or falling over 4 weeks. | |||
| symbol | support | resistance | 4-week trend |
| ACGX | 0.000 | 0.003 | flat |
| AERO | 2.310 | 4.030 | down |
| AGTK | 0.015 | 0.040 | down |
| AMMJ | 0.360 | 0.570 | down |
| ARNA | 3.800 | 5.030 | flat |
| ATTBF | 0.071 | 0.117 | down |
| AVTC | 0.000 | 0.400 | down |
| AXXU | 0.037 | 0.140 | down |
| BLOZF | 0.280 | 0.570 | down |
| BLPG | 0.084 | 0.156 | down |
| BNRDF | 0.530 | 0.615 | down |
| BRDT | 0.032 | 0.094 | down |
| BTFL | 0.071 | 0.232 | down |
| CANL | 0.750 | 1.250 | down |
| CANN | 1.690 | 4.600 | down |
| CANV | 1.340 | 1.750 | down |
| CARA | 9.750 | 10.650 | flat |
| CBDS | 1.830 | 5.630 | down |
| CBGI | 0.000 | 0.005 | down |
| CBIS | 0.027 | 0.038 | down |
| CGRW | 0.360 | 0.750 | up |
| CHUM | n/a | n/a | down |
| CNAB | 0.530 | 0.750 | flat |
| DEWM | 0.003 | 0.005 | flat |
| DIGP | 0.035 | 0.100 | flat |
| DSCR | 0.000 | 0.025 | down |
| EAPH | 0.008 | 0.013 | down |
| EDXC | 0.019 | 0.047 | down |
| ENDO | 0.012 | 0.020 | down |
| ENRT | 0.032 | 0.050 | down |
| ERBB | 0.006 | 0.010 | down |
| ETST | n/a | n/a | flat |
| EXMT | 0.000 | 0.004 | down |
| FITX | 0.005 | 0.012 | down |
| CAFS | 0.025 | 0.066 | up |
| FSPM | 0.000 | 0.250 | down |
| FULL | 3.100 | 3.640 | down |
| FWDG | 0.000 | 0.002 | down |
| GBLX | 0.425 | 0.670 | up |
| GRCU | 0.000 | 0.004 | down |
| GRNH | 0.023 | 0.067 | down |
| GWPH | 99.450 | 117.350 | up |
| HEMP | 0.016 | 0.025 | down |
| ICBU | 0.002 | 0.011 | down |
| IGRW | 0.002 | 0.004 | flat |
| IMLFF | 0.175 | 0.275 | down |
| INCC | 0.001 | 0.007 | flat |
| INSY | 49.950 | 59.750 | flat |
| ITNS | 0.006 | 0.011 | down |
| LATF | 0.001 | 0.003 | down |
| LXRP | 0.180 | 0.250 | up |
| MCIG | 0.071 | 0.106 | down |
| MDBX | 0.140 | 0.850 | down |
| MDCN | 0.005 | 0.022 | flat |
| MDRM | 0.016 | 0.038 | down |
| MINE | 0.003 | 0.007 | down |
| MJMD | 0.000 | 0.015 | down |
| MJMJ | 0.003 | 0.025 | down |
| MJNA | 0.055 | 0.080 | down |
| MNTR | 0.507 | 0.928 | down |
| MYEC | 0.012 | 0.027 | down |
| MYHI | 0.210 | 0.330 | up |
| NDEV | 0.040 | 0.165 | down |
| NRTI | 0.005 | 0.019 | down |
| NTRR | 0.045 | 0.110 | flat |
| OGRMF | 0.304 | 0.615 | down |
| OSLH | 0.006 | 0.015 | up |
| OXIS | 0.030 | 0.044 | flat |
| PHOT | 0.019 | 0.065 | down |
| PLPL | 0.220 | 0.315 | down |
| PMCB | 0.140 | 0.215 | flat |
| PNTV | n/a | n/a | down |
| PZOO | 0.008 | 0.011 | flat |
| QEDN | 0.001 | 0.007 | down |
| REDG | 0.000 | 0.003 | flat |
| RFMK | 0.000 | 0.002 | down |
| RSSFF | 0.069 | 0.266 | down |
| SING | 0.008 | 0.016 | flat |
| SKTO | 0.000 | 0.004 | down |
| SPRWF | 0.141 | 0.230 | down |
| SRNA | 0.080 | 0.140 | down |
| STEV | 0.064 | 0.074 | down |
| TAUG | 0.054 | 0.079 | down |
| THCZ | 0.130 | 0.255 | up |
| TRTC | 0.090 | 0.215 | flat |
| TURV | 0.410 | 0.775 | flat |
| TWMJF | 1.420 | 1.860 | flat |
| UPOT | 0.150 | 0.550 | down |
| USEI | 0.000 | 0.003 | down |
| UTRM | 0.000 | 0.000 | down |
| VAPE | 0.510 | 0.795 | flat |
| VAPR | 0.030 | 0.090 | down |
| VGPR | 0.000 | 0.002 | down |
| VHUB | 0.019 | 0.040 | up |
| VPCO | 0.535 | 0.740 | down |
| VPOR | 0.000 | 0.003 | down |
| WDHR | 0.000 | 0.002 | down |
| WOGI | 0.004 | 0.009 | up |
| XTRM | 0.003 | 0.005 | down |
| XXII | 0.820 | 1.160 | flat |