InvestedCentral
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NNVC is a small $205 million bulletin board stock within the healthcare sector that engages in the discovery, development, and commercialization of anti-viral therapeutics primarily in the United States. This is a VERY aggressive stock for a few reasons. First, its market cap is very small. It trades as a bulletin board stock where volatility and liquidity can be significant issues. Finally, it's a small healthcare company, which has significant inherent risk. The technicals here look very interesting, but anyone wishing to trade NNVC needs to realize the risks involved. NNVC ran from $.80 to $2.60 in a little more than three months with strong volume trends in place. That initial $2.60 high was touched in mid-April, then revisited in early May, but a long-term negative divergence printed. Since that time, NNVC has traded back down near long-term intraday price support in the $1.40-$1.45 area. Monday's low was $1.43 before rebounding into the close, holding onto $1.54 closing price. A doji printed on the session on high volume, a combination that suggests a near-term bottom may have been reached. An initial upside target could be the 50 day SMA, currently at $1.84.
