Greetings,
New Trade Alert: LegacyXChange, Inc. (LEGX)
I came across LEGX today after I noticed that the company could possibly be undervalued following breaking news this morning.
The company experienced what appears to present an area of consolidation today, at the 20 DMA.
- LEGX has historically provided investors with monstrous volatility that could yield us massive upside opportunity.
- LEGX has an RSI of 52, which indicates opportunity for upside from current levels.
- LEGX released breaking news today that we believe has not been reviewed by a large number of traders and investors.
- LEGX recently rallied by as much as 100% in the past week, therefore making today's weakness appear as possibly a consolidation phase before the next move higher. The trading range for the company YTD has been from as little as 0.01 to as high as 0.05 in January.
- If LEGX were to revert to its high in January alone, that would represent a potential upside move of 100% from today's valuation of 0.025. That is not a crazy assumption to make.
- Moreover, LEGX had a massive spike back in July of 2015, rallying to a high of 0.10. While past is not future, this shows us the massive upside moves possible from this company.
- Additionally, LEGX rallied more than 400% from early to mid January, in a matter of a few days!
LEGX "is currently developing an online site for the trading of collectibles and memorabilia across numerous product categories.
Utilizing unique DNA authentication solutions to enable collectibles and memorabilia to be permanently marked through ink in a pen, our goal is to provide the ongoing ability to guarantee authenticity of items.
All items marked with this technology will be sold as Original, directly from athletes and celebrities. The site will also allow third party collectible items to be listed and sold."
Breaking News
LegacyXChange and SelectaDNA/CSI Protect Push Boundaries in the Use of DNA
BOCA RATON, Florida, March 29, 2016 /PRNewswire/ --
LegacyXChange, Inc. (OTC: LEGX) ("LegacyXChange" or the "Company") LegacyXChange "LEGX" and SelectaDNA/CSI Protect are pleased to announce our successful effort to embed Synthetic DNA in ink used in a variety of writing instruments, ensuring athletes signatures against counterfeiting and ultimately preventing theft. Buyers of originally created collectibles from athletes on LegacyXChange will be assured of ongoing proof of authenticity through forensic analysis of the DNA.
Bill Bollander, CEO states, "By inserting the DNA material in a host of writing instruments, we are now able to have athletes and celebrities sign collectibles with the guarantee that the item can always be properly identified as to the original signor, further, because the DNA is embedded microscopically in the ink used for their signature, thieves are not inclined to even attempt to remove the DNA, as it will only remove the signature decreasing the value of the collectible. SelectaDNA, as the world leader in the home asset marking has been extremely helpful in developing these opportunities, which goes to show their level of commitment and enthusiasm for LegacyXChange".
Henrik Olsen, from CSI Protect products states, "We are very excited and supportive of LegacyXChange and their business model, we believe it will change the concept of how collectibles are valued. We currently lead the world in a home asset marking; there is no reason why our customers that mark items for theft protection at home can't also use LegacyXChange as a platform to sell their valued assets, assuring buyers that items all already marked with DNA for theft protection. There is definitely a symbiotic relationship between the two companies and we look forward to their upcoming launch".
LegacyXChange is working towards its planned launch in the second quarter of 2016, and in the coming days will provide more details of anticipated revenue from sales of one of a kind sports memorabilia and other features of the platform that are expected to generate ongoing revenue streams on a monthly basis.
This breaking news suggests that the company may have enormous potential that is being discounted by traders and investors. If we are right, there could be massive upside in the near-term for us.
Stay tuned for further updates!
[ 2015: +1418% In 81 Alerts ]
[ 2016: +156% In 12 Alerts ]
Happy Trading!
Hot Stock Profits Team
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