For those unfamiliar the term Golden Cross, (GC) refers to a technical event involving the 50 Day Moving Average, (DMA) crossing over the 200 DMA. Here's what it says at Nasdaq.com:
That is certainly what happened the last time RVX had a GC with the PPS exploding from less than $1 at the start of March 2015 to up around $1.80 by the middle of that same month. Whether you're looking for short term momentum or long term appreciation, gains in excess of 80% are hard to ignore. Here's a chart showing RVX's trading at that time.
Now of course RVX is not trading for less than $1 CDN. The current Golden Cross happened with RVX trading at $2.05 CDN. If it were to go on and make similar 80% gains in the coming weeks that would put the PPS up around $3.60 CDN.
Here's the current chart showing the Golden Cross which just occured:
Are there any anticipated catalysts that could reasonably be expected to lead to these type of gains? I believe there are. Firstly the company is scheduled to do two investor presentations, one next week in NYC at the Yale Club and the second a week later in London. There was a PR about it on Tuesday:
And beyond that the company's CEO has stated that the company will be announcing a second licensing/partnership deal "soon". The first such deal was announced last year and was likely responsible at least in part for the climbing share price in early 2015.
American readers take note, Resverlogix trades on Canada's big board TSX and is fully reporting, In the United States it trades on the OTCQX market. Not all OTC stocks are created equal, the OTCQX includes many fully reporting companies that are listed on foreign exchanges.
Full disclosure, I am a shareholder in RVX so my opinions should be considered as heavily biased, in fact I added to my position today (Tuesday Oct 3, 2016) and hold what I consider to be a substantial (for me) position.
Cheers and good luck
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