Cannabis Stock Leader: Ubiquitech Software Corp (OTO:UBQU) Gains 8.72% at Midday on January 11

11/01/2017 18:27

Ubiquitech Software Corp (OTO:UBQU) has a strong morning trading session on January 11, outpacing most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an advance of 8.72%. After closing the previous session at $0.0149, shares of $UBQU opened this morning at $0.016 and are trading at $0.0162 at the lunch break. So far, about 4.11 million shares have changed hands, compared to an average of 30-day volume of 3.2 million for Ubiquitech Software Corp. Shares moved as high at ${round high 4} and as low as $0.0135 in AM trading action.

The share appreciation gives the company a market capitalization of $786,839 based upon 52.81 million shares outstanding.

In the past 52 weeks, shares of Ubiquitech Software Corp have traded as low as $0.0054 and as high as $0.058. Technical traders will take note that at $0.0162, shares of UBQU are trading below their 50-day moving average (MA) at $0.017 and below their 200-day MA at $0.02. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move above them is typically regarded as bullish.

Who is UBQU?

Ubiquitech Software Corp is engaged in developing and marketing proprietary specialized computer software to manage electronically stored data. The company is led by its CEO Young Yuan from its headquarters in Las Vegas, NV.

For more information on UBQU and other companies focused on the expanding legal cannabis and medical marijuana industries or to considered for contributing content, visit today.

All data provided by QuoteMedia and was accurate as of 12:00PM ET.

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