Special Breakout Alert: Nuvilex, Inc (NVLX)
Traders,
Hot on the heals of a 220%+ winner
in BYSD Wednesday, I am super excited to bring you another potentially
big winner for Friday that has just broken out from multi-month
resistance and could fly much higher as it approaches multi-year highs.
Check out Nuvilex,
Inc (NVLX) right now.
I’ve been watching NVLX for a while, waiting patiently for confirmation that it could move higher and breakout.
And Thursday it started to do just that, closing at $0.173 on strong volume.
But the best part is, there is still plenty of upside left.
As
you can see in the chart below, multi-month highs in NVLX are around
$0.22. I would expect it to test this level in the coming day(s),
potentially breaking through to new multi-year highs above $0.22 as
momentum and trader buzz continues.
A
move to $0.22 would give us a very strong 29% 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.
One prominent small cap analyst
recently said of NVLX,
"It (the Company) is reminiscent of some of the greatest biotechnology
success stories over the past 20 years including the original biotechnology
company Genetech."
And just today, one
industry commentator suggested that NVLX is moving close to challenging
the multi-billion dollar mega pharmaceutical giant, Eli Lilly & Co (NYSEL LLY), stating "NVLX is currently preparing the way to challenge Eli Lilly’s
blockbuster cancer drug, Gemzar, and doing so with the knowledge that in two
independent mid-phase clinical trials, the company’s treatment involving its
proprietary living cell encapsulation technology has outperformed the
pharmaceutical giant."
>> Read more of this commentary on NVLX <<
This kind of commentary on NVLX bodes very well for momentum traders and investors looking to ride the wave higher.
Nuvilex, Inc. (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 is
a growing company that is front running the industry with its innovative
products.
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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