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Home / Market Movers / Cannabis Stock Laggard: Acacia Diversified Hldgs (OTCQB:ACCA) Sheds 22.56% at Midday on January 26

Cannabis Stock Laggard: Acacia Diversified Hldgs (OTCQB:ACCA) Sheds 22.56% at Midday on January 26

Acacia Diversified Hldgs (OTCQB:ACCA) had a tough morning trading session on January 26, declining more than most other peers in the directory of approximately 200 stocks we track in the cannabis industry with a slide of 22.56%. After closing the previous session at $1.95, shares of ACCA opened this morning at 1.7 and are trading at $1.51 at the lunch break. So far, about 637 shares have changed hands, compared to an average 30-day volume of 1,560 for Acacia Diversified Hldgs. Shares moved as high at $1.7 and as low as $1.51 in AM trading action.

The share depreciation gives the company a market capitalization of $30.13 million based upon 15.45 million shares outstanding.

In the past 52 weeks, shares of Acacia Diversified Hldgs have traded as low as $0.15 and as high as $2.5. Technical traders will take note that at $1.51, shares of ACCA are trading below their 50-day moving average (MA) at $1.764 and below their 200-day MA at $1.887. 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 ACCA?

Acacia Diversified Holdings Inc acquires and operates automotive auctions. It includes automobile, truck, equipment, boat, motor home, RV, motorsports, and other related vehicles. The company is led by its CEO from its headquarters in Clearwater, FL.

For more information on ACCA 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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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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