Symbol: ORTH.c
Market Outlook:
Ortho Regenerative Technologies Inc has made strides with their constant pursual with the FDA and their IND rotator cuff technology, their most recent news release indicated the FDA clinical hold has been removed and one last clarification is needed for clinical trials to start in the US. Ortho has also confirmed they have obtained 8 US clinical sites qualification and scientific training has been completed with 4 more sites going through the qualification process. For more information regarding ORTH and their progress click HERE
Support: $0.50 | $0.47 | $0.435 | $0.40
- 21sma – $0.40 (Weekly)
- 100sma – $0.435 (Weekly)
Resistance: $0.575 | $0.60 | $0.70 | $0.80 | $0.90 |$1.00
- Key Resistance – $0.60 (Weekly)
- Key Resistance – $0.80 | $0.90 | $1.00 (All Time High)
Technicals:
Volume is increasing fast on the back of 2 recently issued news releases, ORTH is back trading above the 21sma on both the weekly and monthly charts with a buy signal flashing on the weekly with market cypher MCB indicator, with only 34 million outstanding shares and FDA approval approaching in November ORTH has set itself up for a monster move. The technicals are turning very bullish in the mid to long term.
Market Cap – $17.81M
O/S – 34.91M
Current Shorts – 1,628 shares
Sentiment: BULLISH
