With all of the Pot Stock and Green Rush chatter, it’s kind of hard to ignore the Marijuana Investment Sector. As many are aware, Weed Stocks have made investors and traders big money over the past few years in particular. These stocks continue to remain a force to be reckoned with and investments that truly should be highly considered now while they remain at the ground floor. But not for long.
ERBB is well-known as one of the leading prospects in the Penny Pot Stock World. But recently the stock has been taking heat from investors and traders alike. Controversy began after the company delayed, yet again, the release of their quarterly earnings. All of this follows their recent release of the famous ZaZZZ marijuana dispensary machines in Seattle, Washington. Five additional machines will be leased to a Kentucky CBD-only shop as well. For more information on American Green, Inc. check us out at StockMarketMonitors.com or go to AmericanGreen.com. Most recently, Alaska has become the 3rd State to effectuate marijuana legalization. These Pot Stocks have many curious and rushing to snag as many “cheapies” as possible before the big boy capital starts pouring in.
American Green has been consistently falling, tagging newer and newer 52-week lows in what seems to be every session. Yesterday, ERBB marked its newest 52-week low dropping to .01 cent. The stock has a 52-week high of .113 cents on March 25, 2014. ERBB is trading a 10-day average volume of 28M shares per session and a 22-day average volume of 22.6M shares. Currently, the stock has 4.35B shares outstanding and a float of 4.3B. It has a Market Cap. of 44M.
The current Relative Strength Index (RSI) is indicating a 25.0 for three and six-month reads reflecting oversold territory for the equity. Some traders have been suggesting a bounce for some time, meanwhile others feel sub-penny territory is a reality.
Many feel ERBB is one of the leading contenders as far as relative potential for a run during the next Pot Stock Rally. Traders have been watching the sector closely as some marijuana and hemp stocks have already displayed mini-rallys. During this stock’s last rally in March 2014 the stock cleared .10 cents. Watch for the stock to be eyeing up .25+ cents for the next rally. Depending on the size of the run, the $1.00 range is not impossible or unexpected for a solid company like this with such a promising future.