Accumulation / Pre-Breakout Alert: Nuvilex, Inc (NVLX)
Traders,
Last week was a very good one for us. We saw 200%+ gains in WRIT and a 25%+ gain in IWEB to close the week out.
Now we turn our attention to an alert we’ve previously profiled because it is looking stronger than ever..
Check out Nuvilex,
Inc (NVLX) right now.
NVLX is consolidating sideways in a fairly tight range and buyers accumulate in anticipation of a breakout.
NVLX has an amazingly bullish medium-long term chart. Take a look below.
You will see a strong upward trend over the past six months or so. You will also note that NVLX is trading well above its 200dma and its 50dma continues to act as strong support.
Having closed at $0.145 on Friday, NVLX closed above its 50 day average and its trend line has been kept in tact.
Multi-year highs in NVLX are around $0.22. Given its current trend, we could very well expect NVLX to
test this level in the coming day(s), and just as another alert we
previously gave you (PLPL), break through to new multi-year highs above
$0.22.
Remember
we alerted you to PLPL just a couple of months ago at $0.51 – well it
has since gone on to hit a high of $0.80 – a very strong 57% gain.
NVLX is showing all the same characteristics as PLPL.
A move to $0.22 would mean a 52% gain – very good considering NVLX is not particularly volatile, representing an excellent risk/reward profile.
NVLX has been on a steady climb higher over the past six months as buzz surrounding this biotech company increases.
NVLX (Nuvilex, Inc.) is
a biotechnology and life technology company, which develops and markets
products to improve the health, condition, and well-being of people
around the world.
NVLX offers Cinnechol, a natural supplement, which
helps in maintaining normal cholesterol levels and supports normal
cardiovascular function.
NVLX also offers Cinnergen, a liquid whole food
nutritional supplement that provides nutrients to help the body process
glucose; Cinnsational, a liquid nutritional supplement, which helps the
body to combat symptoms associated with alcohol sensitivity, including
nausea, fatigue, and headaches; and Citroxin, a surface cleaner for
bacterial health threats, as well as an antiviral cleaner against swine
flu virus and bird flu virus.
NVLX is developing cell therapy products and has completed its Phase 2 clinical trials. NVLX sells its products directly through its Websites, as well as through resellers and retail distributors.
NVLX has been a provider of all-natural products for many years. The company has
been expanded to increase its natural product-based footprint through medical
marijuana studies. They are an international biotechnology provider of live,
therapeutically valuable, encapsulated cells and services for research and
medicine. New developments by NVLX
and subsidiaries will be substantial as they have been working
on many fronts to move forward. NVLX’s
offerings will ultimately include cancer, diabetes and other treatments using
the Company’s natural product knowledge, product base, cell and gene therapy
expertise, and live-cell encapsulation technology in addition to other new
products currently under development.
NVLX has also
benefited tremendously from a recent CNN program hosted by Dr Sanjay
Gupta. Dr Gupta’s documentary, Weed, which aired on Sunday, August 11 at
8 p.m. ET on CNN, took a very hard look at the effects and benefits of
the drug, for which Dr Gupta, CNN’s chief medical correspondent,
apologized for his earlier stance against the drug, stating “… I
apologize because I didn’t look hard enough, until now.”
You can learn more about NVLX at their website at www.nuvilex.com.
There has been a lot of news, research and analysis hitting the wires on NVLX recently, you can read it all below.
We think there is plenty of upside left in NVLX over the short to medium term. Buying at these levels could allow members to be a part of NVLX before a potentially parabolic breakout occurs if it clears $0.22
NVLX has
proven itself to be very trader friendly. It has shown some substantial short
and long term gains, and it has tremendous liquidity and strong underlying
support.
I’ll keep you updated on any news or thought as it comes to hand.
The Team
PennyStockGeneral.com
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