USMJ and PURA Breakout Alert - After Weeks Of Accumulation PPS Positioned To Climb
June 27 2017 - 11:36AM
InvestorsHub NewsWire
New York, NY - June 27,
2017 - InvestorsHub NewsWire - Wall Street Corner Report
The PPS of both North American Cannabis Holdings, Inc.
(USOTC: USMJ) and Puration, Inc. (USOTC:
PURA) are hovering around their respective pivot points
after weeks of steady accumulation. The PPS of
USMJ has consistently ranged from $0.0004 to
$0.0006 with millions of shares of accumulation each day. The
PURA PPS has also maintained a steady range
trading between $0.02 and $0.03 with millions of shares of
accumulation each day. USMJ broke above
$0.001 in February this year while PURA broke
above $0.09 at the same time. Since then, both Companies have
experienced the cannabis sector wide Attorney General Jeff Sessions
marijuana doom and gloom factor. After being allocated no
funds for marijuana enforcement, the cannabis sector is showing
signs of picking up. Other cannabis sector companies in the
news this week showing signs of a revival include: PotNetwork
Holding Inc. (OTC:
POTN), Hemp Inc. (OTC:
HEMP) and Medical Marijuana Inc. (OTC:
MJNA)
USMJ Potential To Break $0.001 to an Upside of $0.01, and
PURA Potential To Break $0.09 to an Upside of $0.20
The USMJ WTD AVG PPS over the past year is $0.0006
and the PURA WTD AVG PPS over the past year is
$0.03. Both Companies have consistently released news with
ongoing positive developments and indicators for both Companies
point to increased revenue coming in the second half of 2017.
Technical trading analysis indicates a Bullish market for both
stocks. USMJ is reported currently by Stock
Technical Analysis as “VERY BULLISH.” BullishInvestor states
the following in its report on PURA: “This
stock now finds itself with a new BULLISH rating and is worthy of a
new look from a technical analysis perspective … it may be a wise
decision to consider PURA at these price levels.”
With Jeff Sessions gloom starting to fade and consistent good news,
USMJ and PURA have the potential
to return back to February highs. The recent balance sheet
bolstering both Companies received from American Cannabis
Innovations Conglomerated could have USMJ breaking
through its $0.001 February high to a $0.01 upside, and
PURA breaking through its $0.09 February higt to a
$0.20 upside.
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This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), and as such, may involve risks and
uncertainties. These forward looking statements relate to, amongst
other things, current expectation of the business environment in
which the company operates, potential future performance,
projections of future performance and the perceived opportunities
in the market. The company's actual performance, results and
achievements may differ materially from the expressed or implied in
such forward-looking statements as a result of a wide range of
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