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Home / Market Movers / Cannabis Stock Laggard: MyDx Inc (OTCQB:MYDX) Sheds 15.56% at Midday on October 31

Cannabis Stock Laggard: MyDx Inc (OTCQB:MYDX) Sheds 15.56% at Midday on October 31

MyDx Inc (OTCQB:MYDX) had a tough morning trading session on October 31, declining more than most other peers in the directory of approximately 200 stocks we track in the cannabis industry with a slide of 15.56%. After closing the previous session at $0.045, shares of MYDX opened this morning at 0.05 and are trading at $0.038 at the lunch break. So far, about 9.73 million shares have changed hands, compared to an average 30-day volume of 15.32 million for MyDx Inc. Shares moved as high at $0.0505 and as low as $0.037 in AM trading action.

The share depreciation gives the company a market capitalization of $1.08 million based upon 23.98 million shares outstanding.

In the past 52 weeks, shares of MyDx Inc have traded as low as $0.0081 and as high as $1.8. Technical traders will take note that at $0.038, shares of MYDX are trading above their 50-day moving average (MA) at $0.031 and below their 200-day MA at $0.257. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath them is typically regarded as bearish.

Who is MYDX?

MyDx Inc is a science and technology company. It develops nanotechnology to measure chemicals of interest in any solid, liquid, or gas sample. Its product MyDx provides real-time testing of pesticides, chemicals and toxins in food, water and air. The company is led by its CEO Daniel Yazbeck from its headquarters in San Diego, CA.

For more information on MYDX 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.

About is a leading publisher of market news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the legal cannabis and medical marijuana markets. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts interested in all segments, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications and market exposure. A complete disclaimer can be viewed here.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:

About Jeremy Wilchek

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