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Hello Savvy Traders,
New Trade Alert: PositiveID Corp. (OTCQB: PSID)
PSID has emerged in recent trading as a strong opportunity for potentially immense gains. The company’s news profile in particular, is very compelling and is a strong complement to a strong set of underlying technical indicators.
PSID develops molecular diagnostic systems for bio-threat detection and rapid medical testing.
The company’s proprietary airborne pathogen detection system called M-BAND (Microfluidic Bio-agent Autonomous Networked Detector), continuously and autonomously analyzes air samples for the detection of biological airborne threats in the form of bacteria, viruses, and toxins.
PSID’s Firefly Dx is a point-of-need, handheld system designed to deliver molecular diagnostic results using real-time polymerase chain reaction (PCR) chemistry. Firefly Dx is being developed to meet the growing need in healthcare and molecular diagnostics markets by enabling hospitals, physicians and other providers to save lives and fight disease. PSID also markets Caregiver(R), the first FDA-cleared non-contact thermometer that uses infrared technology.
The best way to think about PSID and its MBAND threat-detection technology is as a frontline defense against terrorism. The company’s threat detection systems are the sort of things you are likely to see deployed at our airports and the recent wave of terrorist attacks in Europe means every country, no less the US, is on high alert.
Once you make that connection it’s not difficult to see why PSID and its MBAND technology is poised to become a key component of government spending – especially in the US where MBAND is currently being evaluated under the Department of Defense Joint United States Forces Korea Portal and Integrated Threat Recognition (“JUPITR”) Program.
In 2013 it was estimated that the US government spent around $16 Bln to fight terrorism; that figure has jumped to around $100 Bln in 2015 according to one national security expert. The figures for other countries are proportionally high too. France and the UK combine for an estimated $109 Bln in annual spending.
Those enormous fiscal commitments mean that PSID’s technology has the potential for widespread deployment.
Indeed, PSID is already reaping those rewards. The company reported $2.9 Mln in revenue for 2015 – a whopping 211pct increase year-over-year.
More recently PSID announced that its subsidiary, E-N-G Mobile Systems, has shipped a 40-foot BSL-3 compliant mobile laboratory valued in excess of $700,000.
Commenting on the shipment, PSID Chairman and CEO William J. Caragol, said that,“ENG is an industry leader in designing mobile labs for chemical and biological detection, monitoring, and analysis. This mobile lab, developed under a large contract that will generate significant revenue for PositiveID during the second quarter and keep us on track to reach our revenue goals for 2016, is the latest example of our robust capabilities, expertise and best-in-class products.”
Developments around E-N-G Mobile Systems seem to be coming along thick and fast, leading to the conclusion that it could be a considerable catalyst for PSID over the near term. PSID also recently confirmed the launch of a dedicated website so investors will definitely be able to size up the growth potential.
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Set against these positive developments, PSID’s short-term outlook is getting stronger and stronger by the day.
Current entry is an accessible .006 with strong daily volatility bringing PSID’s near term upside squarely in play.
PSID is pushing off support (there is a ton of bid support near .0053 and up) and there is solid bounce potential with the 50 DMA currently at .021, traders are looking at nearly 250pct upside opportunity in the near term.
More Chart Indicators:
Short Term Indicators:
Exponential Moving Average (EMA): Bullish
Moving Average Convergence Divergence (MACD): Very Bullish
Fibonacci: Bullish
Mid Term Indicators:
Exponential Moving Average (EMA): Bullish
Moving Average Convergence Divergence (MACD): Very Bullish
Long Term Indicators:
Moving Average Convergence Divergence (MACD): Very Bullish
Low Analysis: Bullish
Trading at just .006, this tiny gem could become a major trading opportunity.
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An even more realistic PPS target is PSID’s 4-week high. That high of .0117 set on May 2nd, presents near term upside of up to 95%.
PSID is showing strong upward momentum so don’t miss it!
Company Website: http://www.psidcorp.com/
Quote & More: http://www.otcmarkets.com/stock/PSID/profile
Recent Headlines: http://finance.yahoo.com/q/h?s=PSID&t=2016-05-10T08:30:00-04:00
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