BALTIMORE, MD -- (Marketwired) -- 08/19/13 -- In a newly released research update, Goldman Small Cap Research, a stock market research firm focused on the small cap and microcap sectors, notes that over the past ten days, while biotech stocks have largely come under pressure, Nuvilex, Inc. (OTCQB: NVLX) has not only held its own but remains well above its key daily moving averages (DMA).
For example, the NASDAQ Biotechnology Index has declined by nearly 7% during this period but two of Nuvilex's larger peers, Merrimack Pharmaceuticals and Threshold Pharmaceuticals have really taken it on the chin. Merrimack, a cancer-fighting encapsulation-based biopharmaceutical developer is down roughly 30% on very heavy volume despite favorable development news. Merrimack is clearly out of favor as it is now 32% and 46% below its 50-day and 200-day moving averages respectively. Threshold has fared almost as poorly as it has declined by around 10% during the same period. Again, this drop was not buttressed in the slightest by news of the launch of a new Phase II trial. While it is incrementally above its 200-day moving average, it is 19% below its 50-day MA.
Despite all of these bearish signals, Nuvilex has risen incrementally, which is a testament to the building bullish fundamental case for the Company. In addition to its average daily volume for the past 20 days of 3 million shares which is an increase of almost 50% as compared to the full year average, the stock is 32% higher than its 50-day and more than 300% greater than its 200-day MA.
The combination of a strong technical case for the stock, along with major improvements to the Company's fundamental outlook, position the stock to test the highs reached during the second quarter of 2013. This move would coincide with the closing of the Company's efforts to acquire the rights to the use of the cellulose-based live-cell encapsulation technology in the development of treatments for diabetes, in early 4Q13.
However, the move could occur even sooner, based on the current herd mentality which is chasing performance at all costs. For those investors and traders seeking alpha in the oncology treatment segment of the biotech world, Nuvilex may be the best option and may offer the greatest upside in the long term amid a series of milestones to drive the stock higher in the near term.
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About Goldman Small Cap Research: Led by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces sponsored and non-sponsored small cap and micro cap stock research reports, articles, daily stock market blogs, and popular investment newsletters. For more information, visit www.goldmanresearch.com.
A Goldman Small Cap Research report is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed. Please read the report's full disclosures and analyst background on our website before investing. Neither Goldman Small Cap Research nor its parent is a registered investment adviser or broker-dealer with FINRA or any other agency. To download our research, view our disclosures, or for more information, visit www.goldmanresearch.com.
About Nuvilex, Inc. (OTCQB: NVLX): Nuvilex, Inc. has been a provider of all-natural products for many years, has expanded its company to increase its natural product based footprint through medical marijuana studies and is becoming an international biotechnology provider of live, therapeutically valuable, encapsulated cells and services for treatments, research and medicine. The Company's offerings will ultimately include cancer, diabetes and other clinical 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. For more information visit: www.nuvilex.com.
Goldman Small Cap Research
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