The Universe, week of April 11, 2016…
[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.]
Perhaps we finally got news that can be considered a catalyst for the recent sector improvement. That’s the upcoming decision whether to re-schedule cannabis at a Federal level. Meanwhile, the sector didn’t extend that recent improvement.
Last week’s highlighted issues did alright anyway, with a double among them (CANN). I missed GRNH because of a questionable formation that has since resolved favorably. One other issue to highlight growing momentum this week is BLOZF. An honorable mention goes to INQD, which doesn’t have enough history for its current qualification to be reliable as it would if observed in any other issue.
Join us Wednesday evening at 7:00pm ET to review the sector and your own chart analysis requests. We’ll select several for inclusion in the model portfolio, which we’ll launch officially the next day. I’ll send a reminder…
| Marijuana Stock Universe for April 11, 2016 | |||
| Reference this table during stock reactions | |||
| 4-week | # up: | 32 | 40.51% |
| trends* | # flat: | 28 | 35.44% |
| # down: | 19 | 24.05% | |
| *The percentages of stocks rising or falling over 4 weeks. | |||
| symbol | support | resistance | 4-week trend |
| AERO | 1.600 | 2.270 | up |
| AGTK | 0.002 | 0.005 | down |
| AMMJ | 0.085 | 0.160 | flat |
| ARNA | 1.800 | 2.200 | up |
| ATTBF | 0.035 | 0.075 | flat |
| BLOZF | 0.160 | 0.220 | up |
| BLPG | 0.015 | 0.030 | flat |
| BRDT | 0.012 | 0.031 | up |
| BTFL | 0.000 | 0.005 | down |
| CAFS | 0.001 | 0.004 | down |
| CANL | 0.053 | 0.290 | flat |
| CANN | 0.880 | 1.300 | up |
| CANV | 0.290 | 0.550 | up |
| CARA | 5.450 | 7.700 | flat |
| CBDS | 1.850 | 3.000 | up |
| CBIS | 0.017 | 0.024 | up |
| CGRW | 0.760 | 0.920 | up |
| CHUM | n/a | n/a | down |
| CNAB | 0.317 | 0.590 | up |
| DEWM | 0.003 | 0.006 | up |
| DIGP | 0.215 | 0.290 | up |
| EAPH | 0.004 | 0.009 | up |
| EDXC | 0.025 | 0.042 | up |
| ENCC | n/a | n/a | up |
| ENDO | 0.012 | 0.022 | up |
| ENRT | 0.005 | 0.014 | flat |
| ERBB | 0.001 | 0.003 | flat |
| ETST | n/a | n/a | flat |
| EXMT | 0.000 | 0.004 | up |
| FITX | 0.001 | 0.004 | down |
| FULL | 2.400 | 2.800 | up |
| GBLX | 0.175 | 0.280 | flat |
| GRNH | 0.045 | 0.069 | up |
| GWPH | 71.500 | 87.000 | up |
| HEMP | 0.036 | 0.070 | up |
| IMLFF | 0.040 | 0.115 | down |
| INQD | n/a | n/a | flat |
| INSY | 14.950 | 21.250 | down |
| ITNS | 0.001 | 0.005 | flat |
| KAYS | 0.067 | 0.187 | down |
| LXRP | 0.100 | 0.220 | flat |
| MCIG | 0.029 | 0.052 | up |
| MDBX | 0.006 | 0.051 | down |
| MDRM | 0.040 | 0.108 | up |
| MINE | 0.019 | 0.040 | flat |
| MJMJ | 0.000 | 0.001 | flat |
| MJNA | 0.028 | 0.044 | flat |
| MNTR | 0.360 | 0.625 | up |
| MSRT | 0.830 | 1.410 | up |
| MYEC | 0.000 | 1.000 | down |
| MYHI | 0.013 | 0.100 | up |
| NMUS | 0.710 | 1.880 | down |
| NTRR | 1.120 | 1.800 | flat |
| OGRMF | 0.435 | 0.630 | flat |
| OXIS | 0.200 | 1.640 | flat |
| PHOT | 0.020 | 0.040 | flat |
| PLPL | 0.063 | 0.108 | flat |
| PMCB | 0.043 | 0.074 | down |
| PNTV | 0.002 | 0.004 | up |
| PZOO | 0.000 | 0.002 | down |
| RMHB | 0.028 | 0.051 | flat |
| RSSFF | 0.030 | 0.100 | down |
| SING | 0.006 | 0.014 | flat |
| SPRWF | 0.225 | 0.375 | up |
| SRNA | 0.074 | 0.112 | flat |
| STEV | 0.015 | 0.037 | down |
| TAUG | 0.004 | 0.008 | up |
| TRTC | 0.280 | 0.490 | up |
| TURV | 0.463 | 0.770 | flat |
| TWMJF | 1.800 | 2.400 | flat |
| UPOT | 0.010 | 0.050 | flat |
| VAPE | 0.003 | 0.023 | up |
| VAPR | 0.000 | 0.020 | down |
| VGPR | 0.000 | 0.002 | down |
| VHUB | 0.025 | 0.048 | up |
| VPCO | 0.000 | 0.095 | down |
| WOGI | 0.001 | 0.004 | flat |
| XTRM | 0.001 | 0.004 | flat |
| XXII | 0.690 | 1.005 | down |