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Perfect Setup For This 17 Cent Pick...
Lexaria Corp. (symbol: LXRP)
Hello Traders,
Our Monday pick LXRP has just announced its new suite of ViPova(TM) products which are infused with hemp. The products which are part of the tea category have been developed with LXRP’s patent-pending technology designed to enhance bioavailability.
As you can imagine, everyone is talking about the company now. LXRP is getting lots of attention because hemp and marijuana are big sectors at the moment. Experts predict both will get even bigger with marijuana projected to reach $35 billion by 2020.
In terms of short term upside opportunity, LXRP presents well. The play is trading on the heels of a developing uptrend and is still massively undervalued based on historical highs.
All the technical prerequisites for a run are in place and daily volatility presents very strong entry and exit opportunities.
And oh, LXRP is also getting a strong “buy” recommendation on at least one major investment portal.
We think you should move on this whilst the upside opportunity is still strong – and accessible.
Check Out These 5 Key Short Term Technicals
1. LXRP risen well in recent weeks and current valuation is now level with the 50 DMA of .17. The play is also outpacing the 200 DMA of .13.
2. LXRP has a RSI of 50 – a perfect setting in terms of upside opportunity.
3. LXRP has very good daily volatility having established a 30d average volume of over 105K.
4. LXRP delivered a strong rally on June 11, opening at .21 before reaching a high of .26 for one-day gains of up to 23%.
5. LXRP has a very strong presence in the news, having just launched a suite of new ViPova(TM) products – all available for purchase right now.
Website: http://www.lexariaenergy.com/
Chart: http://stockcharts.com/h-sc/ui?s=LXRP
Lawmakers Are Pushing For Industrial Hemp Program
U.S. lawmakers from Oregon urged state agricultural officials on Monday to advance a pilot project that would allow farmers to begin planting industrial hemp crops in time for next year's growing season.
The lawmakers said in a letter the program missed this year's growing season because of concerns in the state legislature over how hemp would coexist with the marijuana industry, which became legal for adult recreational use July 1.
Would-be growers of industrial hemp face a host of complications, including cannabis being illegal at the federal level even as prosecutors have cautiously allowed state experiments to go forward.
"The potential for industrial hemp production represents a great opportunity for Oregon agriculture," the lawmakers wrote.
Oregon has issued 13 licenses to farmers since adopting rules to implement the hemp program in January, but not all of the farmers have planted yet, Department of Agriculture spokesman Bruce Pokarney said.
NEW ViPova Products Introduced by Lexaria
LXRP recently announced a suite of new ViPova(TM) products available for purchase immediately. The new products all utilize Lexaria's patent-pending technology designed to enhance bioavailability.
In addition to the new products listed below, Lexaria is pleased to announce that ViPova(TM) brand coffee and hot chocolate are expected to be available in September; and that the much-anticipated Lexaria Energy protein bar is expected to be available around the end of September, in two initial flavors. More information on these products will be released as available.
Among the highest selling tea categories in the world are Black, De-Caf, Green, and Earl Gray - and Lexaria is pleased to inform its stakeholders that with today's announcement, we now offer teas in most of the worlds favored categories. This is an additional important step in delivering the superfood goodness of hemp through popular foods.
Start your research right away.
Able Trader
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