Dear True Market Insider Reader,
I have a position that you really need to know about, right now.
Sorry this comes after the market closed but it seems to be running into price resistance here, which is good for those who want in.
Hopefully tomorrow it doesn't pop right away.
I'll explain...
In November I told you about a stock that was tackling an epidemic in your own backyard.
I named the presentation "Backyard Epidemic".
I said the Trump administration was behind the effort and would probably get even more involved.
Tuens out I was right, as we saw a week or two ago, when Trump said he'd donate his paycheck to fight this epidemic.
I eventually called it a "SpeakEasy stock" because so many powerful investors were not allowed to buy it yet, but they wanted to.
They weren't part of "the cool kid club" yet.
The great thing about these types of stocks is individual investors CAN buy them...
...BEFORE the big players dive in.
I said they would get clearance to buy it soon and then I told you that it did happen - they got the clearance.
The stock jumped and the call option gained 5X its value within 24 hours after I brought it to you but have no fear...
... Because then the stock price pulled back.
People emailed in asking about this GIFT.
Then, I called Bill Spencer to get on a "Just Because" live web event where we said it's a great time to buy it.
Today the stock gained 28% at its high and its up 20% now on MASSIVE volume.
Well, it's only 1.5 million shares traded today, which is relatively low when compared to many stocks. But it's 5X its average volume.
I still love the stock and I'm telling you this because I know a lot of people are now focused on it.
Zynex Announced 129% order growth and increased revenue and they adjusted earnings estimates higher from $2.3million to a range of $3.6 million - $4.1 million.
I told you they had the tough part of their growth done and only had to hire more people to sell their products.
Year over year quarterly earnings have been accelerating for three quarters.
Anyway, you should look at this chart.
The stock is pushing up against a downtrend line.
Technically, this is an important level to break above.
If we close above this line, significantly, then it's a very strong sign that the stock will probably quickly pop much higher.
If it can't close significantly above it, then still - the stock will likely push much higher in the long-term (one day being a triple digit stock). It's at $10.20 right now.
And it's trying to maintain above the line.
Here's the intraday chart:
I just wanted to give you this heads up.
So many of our readers have been writing in asking about it and I think it's a great position for new investors.
If you're not it, nows a good time. I say this because of the price volume action we've seen today and because institutions are buying more.
Last quarterly report showed 130 funds own this stock (as of December 2019).
In March only 2 funds owned it. That's not a typo... TWO.
Now that it's been trading above $10.00 and seems to want to stay above $10.00, many more funds who weren't legally allowed to buy it are now allowed to come in and buy.
This should be bought.
And, by the way, I told you exactly how I found this stock.
I told you how I knew institutions were buying the heck out of both the stock and the sector.
I got it from Sector Prophets Pro.
If you want to see the presentation (I got a lot of compliments on it) and have a chance to get in, we will open it back up.
You don't want to just buy "the golden egg".
Learn about the goose that lays them, here.
Sincerely,
Chris Rowe
Founder, True Market Insider
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