Growlife, Inc. (OTCBB:PHOT) Keeps Pushing Up The Charts

Growlife, Inc. (OTCBB:PHOT) is one of the strongest players in the medical marijuana sector that is currently one of the hottest choices when it comes to investing. They are dominating when it comes to dollar volume and are also strongly headed in an upward direction.

After the initial drop that followed the huge peak in the beginning of January, PHOT has been recovering and their momentum is strong. The total gain their stock has made since the low of $0.19 per share that we saw on January 21 is a good 104%.

They haven’t had a session in the red since the beginning of this week and the dollar volume they are generating each day is close to a whopping $20 million, putting them in the top of the penny stocks with highest trade value list, even without press releases.

Nonetheless, yesterday PHOT had some good news to share with investors. They announced that they are going to expand the collaboration with Fusion Pharm, Inc. (OTCMKTS:FSPM) and lauch a line of professional custom designed components used for indoor growing.

What’s good is that even with these optimistic news the company stock remained stable and gained another 12% in price, at $0.389, on a volume close to the previous days’. We saw a total of 52.2 million shares switch hands and a dollar volume of some $19.9 million.

It seems that PHOT is going strong for now and is on its way to surpass the peak of $0.3955 at which it opened on January 9, when it made it’s correction in price and dropped 26% by the end of the session. Still, as the stock goes further up the charts, the risk of another correction gets stronger, so be sure to do a lot of due diligence before deciding to bet on PHOT‘s stock.

GreenGro Technologies, Inc. (OTCMKTS:GRNH) also had a great session yesterday and closed with a good 38% gain in price. SK3 Group, Inc. (OTCMKTS:SKTO) and Terra Tech Corp. (OTCMKTS:TRTC) were close behind with 35% each.