AwesomeStocks Hello! This is an update of our newest alert, NNVC. We are continuing to monitor it for sustainable upside potential. Following yesterdayâs alert, NNVC opened at 1.30 and rallied to a high of 1.39, afterwards closing the day at 1.25. In the past few months NNVC has experienced massive rallies on several occasions. For instance, at the start of June the company rallied upwards of 29% in just one day. Another example, in April, the company rallied upwards of 41% in just two days. Could that happen again? NNVC has a 50 day moving average of 1.19 and a 200 day moving average of 1.40. In the event that NNVC holds above its 50 day moving average, there exists potential for upside. In addition, the companyâs big breaking news from yesterday could be a catalyst for increased growth and a replay of the upside the company experienced recently. As a reminder, yesterday the company announced: âNanoViricides Announces that Clinical Trials of Its Broad-Spectrum Antiviral Drug NV-CoV-2 Have Begunâ Here are the two highlights from this press release: - âThe Clinical Trial Will Evaluate Both Safety and Initial Efficacy Indications in COVID patientsâ
- âNV-387 Is a First-in-Class Chemical Nanomachine that Acts by a Novel Mechanism of Actionâ In addition, as the company explains, âThe Team Behind the Clinical Trialsâ: âThe Company previously announced that it has executed a License Agreement with Karveer Meditech Pvt. Ltd., Kolhapur, India ("Karveer"). Under this Agreement, Karveer has the right to commercialize the Company's COVID drugs, NV-CoV-2 and NV-CoV-2-R, in India. To enable commercialization, Karveer has undertaken Clinical Development and Evaluation and is sponsoring these two drugs in India for this purpose.â NNVC is positioning itself for increased growth as they further accomplish their plans. Briefly looking at our alert from Tuesday of this week, it has continued rallying to new highs yesterday, after it rallied and closed above a key moving average. Following our alert Tuesday morning the company opened at 0.96 and yesterday rallied to a new high of 1.97, gains of +105% in just 3 days. 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