New York (January 3rd, 2013) - MediSwipe Inc. (OTCQB: MWIP), a provider of transaction processing and security solutions for the medical and healthcare industries in the U.S. and internationally, is soaring in mid-day trading today after the company announced that it relocated its corporate headquarters from South Florida to Birmingham, Michigan, effective immediately. The company decided to relocate to Michigan due to recent favorable state legislation regarding medical marijuana and dispensary laws.
MWIP is currently trading 54.19% higher at $0.0276 on volume of 29.73 million, which is nearly three times the daily average volume of 10.01 million. The stock has gained more than 81% in the last three trading sessions. MWIP has broken through $0.018 resistance level as a result of the rally today. Technical indicators for the stock point to further gains.
IWEB had edged higher earlier in the day. However, the stock failed to hold on to its gains, and is currently down 10.94% to $0.0570 on volume of 7.33 million, which is nearly ten times the daily average volume of 854,451.IWEB slipped after failing to break through $0.070 resistance level. A bullish trend will be established if the stock can break through this level.
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