New York -- Amarantus BioSciences Inc. (OTCQB: AMBS), a development-stage biotechnology company, is also down sharply in mid-day trading today. At last check, AMBS was trading 17.22% lower at $0.0298 on volume of 15.07 million. AMBS has now fallen more than 27% in the last five trading sessions, which suggests that the market sentiment is bearish on the stock.
This is confirmed by AMBS’ daily price chart. The stock has fallen below its 200-day moving average. The MACD histogram is also indicating increasing downward momentum. AMBS could see significant losses if it falls below its 50-day moving average.
AMBS has fallen sharply today even as the company announced publication of peer-reviewed data for MANF in Ischemia-induced neural injury.
Find out where AMBS could be headed by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=AMBS
Dragon Polymers Inc. (PINKSHEETS: DRAG), a reseller of industrial polymers, is down sharply in mid-day trading today. DRAG has fallen sharply today even as the company announced that it signed a supply agreement with HANGZHOU WORLDBEST IM. & EXP. Co. LTD., Hangzhou Zhejiang, China.
DRAG is currently down 14.89% to $0.0200 on volume of 7.58 million, which is substantially above the daily average volume of 121,649. DRAG has now fallen more than 32% in the last three trading sessions. DRAG has now fallen below its 50-day moving average, which is a bearish signal. The MACD chart is also giving bearish signals. DRAG has support at around $0.010.
Find out all traders need to know when trading DRAG by getting the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=DRAG
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