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Good Evening Traders!
New Alert: BioCorRx Inc. (OTCMKTS: BICX)
The market has been a staunch defender of its territory, no matter what’s thrown at it: Poor Jobs data… Pop! The EU breaking to pieces… Rip!
Nothing can keep this thing down. And that’s great news for us because it creates an environment of opportunity. The fast money got scared out, and there’s action brewing at strong price points in a whole lot of places.
Today’s pick is a perfect example: BICX.
We’re not the first to flip up the hood on this one – someone else with a lot of ammo just took a look at it and decided to go in big. But we’ll get to that in a minute.
BioCorRx, Inc. (OTC PINK: BICX) is an addiction treatment company offering a unique approach to the treatment of substance abuse addiction.
The BioCorRx® Recovery Program, a non-addictive medication-assisted treatment (MAT) program, consists of two main components.
The first component of the program consists of an outpatient implant procedure performed by a licensed physician. The implant delivers the non-addictive medicine, Naltrexone, an opioid antagonist that can significantly reduce physical cravings for alcohol and opioids.
The second component of the program developed by BioCorRx, Inc. is a one on one counseling program specifically tailored for the treatment of alcoholism and other substance abuse addictions for those receiving long term naltrexone treatment.
As far as recent catalysts, it doesn’t get much better than this:
SANTA ANA, CA--(Marketwired - Jun 20, 2016) - Alpine Creek Capital Partners ("Alpine Creek") and BioCorRx, Inc. (OTC PINK: BICX) ("BioCorRx" or "the Company") are pleased to announce an investment by Alpine Creek in the Company.
“The initial investment in the Company is 2,500,000usd with an additional 2,500,000usd expected within six months at the option of Alpine Creek. Details of the transaction can be found in the Company's filings with the Securities and Exchange Commission. In the coming weeks and months, the Company will announce its plans and initiatives for using the capital received from Alpine Creek.”
This type of clear capital support should light a fire under current stakeholders and may spur on follow-up interest by market participants across the spectrum.
Most headlines for a company of this size are talk. But talk is cheap. This is someone putting millions of dollars on the hook after doing their due diligence. That’s probably about the best news a micro-cap can see.
Technically speaking, the BICX chart looks especially promising right now. The long term bear trend is broken, and the MACD is showing very clear inflection signals, as you can see on the chart below.
This is a potentially huge opportunity. Don’t miss out!
3 Big Technical Factors for BICX:
• BICX just broke above its long-lasting Bear trendline, signaling a major inflection potential right now • BICX is coming off an RSI trough under 40, pointing to a massively oversold stock now heading back the other way. • BICX just recorded a MACD Bullish reversal after a clear longer term Bullish MACD trend shown below, suggesting a technical change in trend. |
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Conduct research on the company here: http://www.otcmarkets.com/stock/BICX/quote
BICX News Excerpt...
Alpine Creek and BioCorRx Announce Major Investment Into BioCorRx Full Release Here.
Travis Mullen, Managing Partner of Alpine Creek Capital Partners, said, "We couldn't be more excited about our investment in BioCorRx and the cutting edge program they have in place. The BioCorRx® Recovery Program which includes this naltrexone delivery system coupled with the tangible counseling program is literally saving lives and we look forward to arming as many families as possible with this amazing tool for their battle against alcohol or opioid addiction."
Big Catalysts for BICX
• BICX is making real money, with trailing revs already coming in at $879.68K • BICX just received a monumental vote of confidence in the form of a major $2.5M investment from a private equity group • BICX just broke above its long-lasting Bear trendline, signaling a major inflection potential right now • BICX is coming off an RSI trough under 40, pointing to a massively oversold stock now heading back the other way. • BICX just recorded a MACD Bullish reversal after a clear longer term Bullish MACD trend shown below, suggesting a technical change in trend.
Start your research on BICX now!
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Best regards,
Stephen Gray Value Penny Stocks
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