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PSID Tech Analysis Shows Big Upside Potential |
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Hot Stock to Watch |
Company: PositiveID Corporation (OTCQB: PSID)
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Last: Price: 0.045 Change (%): + 0.00 (0.00) Volume: 165.491 |
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PositiveID Corp. (PSID) Triangle Pattern Forming A look at the weekly chart for PositiveID Corp. shows the pps now sitting on a support level at 4.5 cents and approaching a trendline dating back to last November. The candles have bounced around this support point twice in the past two months, putting PSID on radar for repeat move with the first resistance in play around 6 cents. Watch Video About M-BAND PositiveID's M-BAND (Microfluidic Bio-agent Autonomous Networked Detector) continuously and autonomously analyzes air samples for the detection of biological airborne threats in the form of bacteria, viruses, and toxins. The technology was developed under contract with the U.S. Department of Homeland Security Science & Technology directorate, which included 30 million dollars of contract funding, to detect an attack with a biological weapon. About Firefly PositiveID's Firefly Dx is a point-of-need, handheld system designed to deliver molecular diagnostic results from a sample in less than 20 minutes at the point of need, compared to two to four hours for a lab device, using real-time TaqMan(R) PCR (polymerase chain reaction) chemistry. Firefly is being developed to meet the growing need for more rapid and accurate point-of-need diagnostics that will enable hospitals, first responders, and other providers to save lives. About PositiveID Corporation PositiveID Corporation is an emerging growth company and developer of biological detection systems for America's homeland defense industry as well as rapid biological testing. PositiveID is focused on the development of microfluidic systems for the automated preparation of and performance of biological assays in order to detect biological threats and analyze biological samples. For more information on PositiveID, please visit http://www.PositiveIDCorp.com.
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