New Alert Rallies +7% So Far

AwesomeStocks Hello! We wanted to briefly update our newest alert, PRPH. Following our alert this morning, PRPH opened today at 8.24 and has so far rallied to a high of 8.89, upside of +7%. In the event that PRPH continues trending above its 50 day moving average, it presents increased growth potential. PRPH has a 50 day moving average of 7.78 and has closed above this level over the past few days. In terms of upside potential, PRPH has a 200 day moving average of 9.70, more than 17% from today’s open. In addition, PRPH has a RSI of 56, suggesting the opportunity for increased upside. PRPH has announced several accomplishments recently that could be upward catalysts for the company’s growth. In the company’s March 28 “ProPhase Labs Announces Record Financial Results for the year ended December 31, 2022” press release, they announced: “Corporate highlights for the year ended December 31, 2022, and subsequently include the following”: - “Acquired exclusive worldwide rights to develop and commercialize, subject to the necessary regulatory approvals, Equivir (dietary supplement) and Equivir G (Rx), two broad-based anti-virals.” - “Acquired exclusive worldwide rights to develop and commercialize Linebacker (LB-1 and LB-2) for the treatment of cancer, inflammatory diseases or symptoms and memory-related syndromes, diseases or symptoms, including dementia and Alzheimer’s disease.” - “Built out Nebula Genomics infrastructure, hired key management, added Dr. Russ Altman of Stanford University to our advisory board, and set the company on an accelerated growth path going forward.” - “Returned a total of 1.3 million shares to the Company in 2022 from our common stock repurchase plan and cashless stock options exercised at a total value of $11.3 million.” - “Paid two stock dividends to stockholders in 2022 totaling $9.3 million.” - “Subsequent to year-end 2022, acquired exclusive worldwide rights to the BE-Smart Esophageal Pre-Cancer diagnostic screening test and related intellectual property assets.” - “Subsequent to year-end 2022, received Board of Directors approval for a new $6 million stock repurchase program.” In addition, last week, the company announced: “ProPhase Labs CEO Ted Karkus Named One of Inc Magazine’s 10 Most Innovative Healthcare Leaders to Watch in 2023” Here are some of the company’s comments from this press release: “Mr. Karkus commented, “I am honored to be recognized by Inc Magazine as one of the 10 Most Innovative Healthcare Leaders to Watch for 2023. This recognition is a testament to the hard work and dedication of the entire ProPhase Labs team, and I look forward to continuing to drive innovation and improve patient outcomes in the years ahead. With Nebula Genomics, and the potential game changer diagnostics and therapeutics we are developing, including our BE-Smart Esophageal Cancer Test, Linebacker cancer compounds, and broad based Equivir anti-virals, as well as our new fully diversified, state-of-the-art clinical lab and genomics testing lab, I promise that we are just getting started and that there is a lot more to come!”” We are continuing to monitor this opportunity. Sources: [Presentation]( [PR1]( [PR2]( [PR3]( [PR4]( [PR5]( [Website]( [Chart]( Happy Trading! AwesomeStocks Note: We encourage all traders and investors to develop personal trading rules that you can follow and that work for you. Always protect your downside and note that we alert extremely volatile short-term opportunities. 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