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Singlepoint, Inc (SING)
Hello fellow investors / traders,
It's been a while, but we are back with a new pick for tomorrow.
Check out Singlepoint, Inc (SING) right now.
Marijuana stocks have pulled back a lot from their highs a few months ago, but they could be about to make a comeback.
Why?
Well, for one, many of them are well oversold technically, and due for a bounce, but sometimes stocks need a catalyst.
And the catalyst that could spark interest was the record earnings report announced by HEMP yesterday.
These earnings were very good indeed, and bodes well for other marijuana related companies.
So I went hunting, and SING caught my attention today.
At around $0.0150, SING is priced just below its 200 day moving average, and right at multi-month support.
Combined with its low oversold RSI reading and bullish MACD, the technical's
looks great.
So what about SING?
Marijuana Stocks have been cooling off lately after some big
runs. This gives us a great opportunity to buy the weakness on some of the
better pot plays.
SinglePoint, Inc. is a state-of-the-art mobile technology
company and full-service mobile marketing agency.
Singlepoint's Mobile Payment technology, which will
include an array of products for marijuana industry player.
SING operates a best-in-class mobile commerce and
communication platform specifically designed to serve the needs of the
non-profit community as well as the for profit companies.
SING can make any campaign instantly interactive via
the mobile phone.
The ease of functionality allows clients to conduct
business transactions, accept donations and engage in targeted communication
campaigns through any mobile devices by sending more messages, create
more awareness, and raise revenues and donations.
And SING recently announced a partnership agreement
with Worldwide Internet, Inc. and its affiliated company Green Company Holdings Inc., which will provide SinglePointTM
access to its entire portfolio of holdings.
Green Company Holdings was recently announced as a subsidiary of Worldwide Internet, Inc.
including a diversified portfolio of investments in the hemp and medical
marijuana sectors.
Together SinglePointTM and Green Company Holdings will
begin to implement and develop premier mobile marketing and mobile payment
opportunities for the Medical Cannabis Industry via the subsidiaries.
"We are thrilled with the new partnership," states
SinglePointTM CEO, Greg Lambrecht. "The partnership
further solidifies our entry into the legalized Marijuana
markets with our proprietary innovative payment solutions. As well,
the relationship garners us an exponential increase inexposure to, and
credibility with, potential clients in this multi-billion dollar sector, while
providing connections in other verticals toward company growth."
You can learn more about Singlepoint, Inc (SING) at their
website http://singlepoint.com
With the new Federal guidelines, financial institutions are
highly likely to soften their positions.
But, despite the giant step taken by the Obama
administration to clarify the situation, banks themselves still seem leery to
"wheel and deal" in the marijuana business and change in federal law
is inevitable.
In the meantime, those that do dive
in will boost their profits -- and those of their partners,
too.
For traders looking to get in on the action, SING could be one of
the best derivative plays in the growing marijuana sector.
Make sure SING is on your radar today.
ShiznitStocks.com
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