New York (December 13th, 2012) - Medical Marijuana Inc. (PINKSHEETS: MJNA), a company engaged in the medical marijuana and industrial hemp markets, is flat in trading today. MJNA had risen sharply in the previous trading two trading sessions amid news that its portfolio company PhytoSPHERE Systems LLC cited broad applications of its 2013 harvest of uniquely valuable hemp oil.
MJNA is currently trading flat at $0.11. The stock has gained more than 12% in the last three trading sessions. MJNA continues to struggle to break through $0.11 resistance level. If MJNA can break through this level then the stock could see significant gains.
Psychic Friends Network Inc. (OTCQB: PFNI), a marketing and entertainment company providing on-demand psychic advice as well as daily and weekly horoscopes, is up sharply in mid-day trading today, extending its gains from the previous two trading sessions.
PFNI has been gaining momentum after the company on Tuesday announced that it is leveraging new technologies to beat its own $1 billion revenue mark. PFNI is currently trading 6.63% higher at $0.595 on volume of 754,286, which is nearly half the daily average volume of 1.61 million. The stock has gained nearly 32% in the last three trading sessions.
PFNI has now gained in 7 out of the last 8 trading sessions. However, the bullish trend may be coming to an end as today’s gains have come on significantly lower volume.