LONDON, June 2, 2014 /PRNewswire/ --
The Bioscience space is another area that has been performing well this year and traders seem willing to make bets on short term trades in the OTC arena. We focus on that group with our trading list today as well as a couple of venture groups that could be the type of firms to make an investment into these companies.
Amarantus Biosciences (OTC: AMBS) has been on a strong run over the last few weeks and since May 9th shares have been in a confirmed uptrend closing on Friday just below $0.10 after being down in the $0.06 range at the beginning of last month. The biotech firm presented at the Hyatt last week in New York and the stock has continued to be favored since that time. Traders will be looking for shares to push through the $0.10 range where it was in March his time around.
Plandai Biotech (OTC: PLPL) in contrast has been stuck in a downtrend since the mid April timeframe with shares possibly looking at a break higher at this point. Investors will be circling around this stock which has been higher than $3.00 in the trading year which now sits at $0.39. There seems to be support for Planndai at these levels and may have been overlooked for too long as current trading suggests.
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GrowBlox Sciences (OTC: GBLX) was one of the big winners on the OTCBB to close trading last week as shares broke through resistance to snap out of the recent downtrend and move higher by 47%. Traders will be looking for follow through in this medical marijuana play for it to move to the next resistance point around $3.20. In addition to new product news released on Friday this stock may just have turned a corner moving into summer trading.
Limitless Ventures (OTC: LVGI) closed lower by 12% on Friday as it could not hold onto gains from the previous trading sessions. After almost doubling in price last Wednesday shares are still higher than the start of that trading day after closing at $0.0022 ahead of the open in the small cap markets and pink sheet trading today.
Finally in our sector OTC and penny stock focus list today we looked at another firm that has just released positive news on the back of a strong days trading - Infinex Ventures (OTC: INFX) rose in trading by a cool 208% after hitting a recent low last week. Traders will be looking for this company to hold its price in trading today as it looks to reach the next level of resistance at $0.06. Interestingly Infinex is looking into funding for marijuana companies which fits in nicely with our OTC sector focus list.
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Disclosure: Super Stock Profits is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities but for informational purposes only. Investors should always conduct their own due diligence with any potential investment. Super Stock Profits is affiliated with AMG Global Advisors Ltd which is a FINRA registered company (168847). We have not been compensated by any of the companies listed in this news release.
SOURCE AMG Global Advisors Ltd