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Cannabis Stock Leader: Medbox Inc (OTO:NGBL) Advances 33.33% for October 31

Medbox Inc (OTO:NGBL) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on October 31, gaining 33.33% to close the day at $0.0004 after opening the trading day at $0.0003. Today’s rise came with about 790.57 million shares changing hands, compared to an average of 30-day volume of 312.07 million for Medbox Inc. Shares moved as high at $0.0004 and as low as $0.0003 in today’s action.

The share appreciation gives the company a market capitalization of $2.16 million based upon 7.2 billion shares outstanding.

In the past 52 weeks, shares of Medbox Inc have traded as low as $1e-05 and as high as $0.083. Technical traders will take note that at $0.0004, shares of NGBL are trading below their 50-day moving average (MA) at $0.001 and below their 200-day MA at $0.005. 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 Medbox Inc?

Notis Global Inc provides specialized services to operators of cannabis dispensaries, cultivation centers, manufacturers & research & development facilities. It also sold a line of portable vaporizers and accessories under the Vaporfection brand name. The company is led by its CEO from its headquarters in Los Angeles, CA.

For more information on Medbox Inc 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 4:30PM ET.

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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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