PSID got off to a very strong start this morning as it surged to a high of .0275 per share for an 18 percent gain from yesterday’s closing price!
This is now PSID’s 3rd consecutive session of increasing activity, trading over 5M shares so far this morning alone, breaking well past its 3 Month Average Volume of just over 2.9M shares, and with more than half the day’s session still left to go!
As you recall in the alert I sent out yesterday I believed that PSID could see another big move in the sessions ahead if this momentum continues to carry, and today’s trading session got off to a massive start, as PSID raced out of the gates for a huge early morning gain.
Since then PSID has found support just about .0245 per share, and looks to be building a new base, potentially setting up for what could be another leg-up the charts in the sessions ahead!
If this momentum continues to build as it has over the last 3 trading sessions, PSID could be challenging old highs in no time!
PSID Issues Breaking News:
Just this morning, PSID announced that it has successfully completed additional testing of its phase II Firefly Dx prototype handheld, real-time PCR pathogen detection system, and detected multiple organisms with a multiplex assay designed to simultaneously test for up to four pathogens on the Firefly Dx PCR chip.
Chairman and CEO of PSID, William J. Caragol states, “The ability to quickly test for multiple organisms from a single sample and identify the cause of symptoms in a patient without having to run several tests, we believe, will not only save time and money in clinical situations, but more importantly will improve treatment and outcomes. We are very proud of our continued progress and validation of our technology and design."
The company continues to make strides in the development of its Firefly Dx product and as it reaches more and more milestones in its progress, PSID could continue to see a significant boost upward.
I am urging members to keep a close eye on PSID over the next week, and I’ll be sure to keep you up to date with any more breaking news as it becomes available!
Happy Trading,
