Big Bounce Setup in PSID [breaking news inside]

Good Morning Traders!
New Trade Alert:  PositiveID Corp. (OTCMKTS: PSID)
Here’s the deal: A new year is dawning this week, and the OTC market is ablaze with new life, and some monster moves in play. We’ve seen an enormous number of new double and triple digit winners already in 2018.
This morning’s new alert is one we put in front of you last year in September, posting available gains of just over 80% in under 48 hours.
But this morning’s setup looks even better, as the company just announced today that its ExcitePCR Corporation subsidiary will present an exhibit at the Seed Central Tech Showcase next Thursday at the UC Davis Conference Center.
That could be huge as the company’s Chief Science Officer of ExcitePCR, will reportedly discuss how the company’s FireflyDX technology can be used for agricultural screening and food safety testing.
Symbol:  PSID
Company:  PositiveID Corp.
Company Website:  http://www.psidcorp.com​​​​​​​
PositiveID Corp. (OTCMKTS: PSID) frames itself as a company that develops and sells molecular diagnostic systems for bio-threat detection and rapid medical testing.
The company focuses on microfluidic systems for the automated preparation and performance of biological assays to detect biological threats at high-value locations and analyze biological samples at the point of need. It has a portfolio of intellectual property related to sample preparation and rapid medical testing applications.
The company’s M-BAND technology is a bio-aerosol monitor with integrated systems for sample collection, processing, and detection modules. M-BAND technology analyzes air samples for the detection of pathogenic bacteria, viruses, and toxins for up to 30 days.
The company’s Firefly Dx is an automated pathogen detection system for rapid diagnostics for clinical and point-of-need applications. Firefly Dx system detects and identifies common pathogens and diseases, such as E. coli, methicillin-resistant staphylococcus aureus, methicillin-susceptible staphylococcus aureus, clostridium difficile, influenza, and others.
In addition, PositiveID Corporation markets the Caregiver, a non-contact clinical thermometer that measures forehead temperature in adults, children, and infants for hospitals, physicians’ offices, medical clinics, nursing homes and other long-term care institutions, and acute care hospitals; and manufactures and sells specialty technology vehicles for mobile labs, command and communications centers, and cellular applications.
This morning’s new announcement amounts to the entry of the company into a huge new slice of the market: Agriculture! And when you’re talking about California and Agriculture in the same sentence, then you know this could be taken by the market as a hint cannabis flavoring.
But agriculture is actually one of California’s biggest markets, and that means fresh foods and regulations. It’s a multi-B$ industrial market, and the company now has started to make their case for being a real player on that playing field!
One of the other big stories for this stock is the fact that its disruptive Bluetooth Caregiver thermometer is set to hit the market this month, based on the company’s December 6, 2017press release. “Management believes its newest manifestation of the Caregiver product line is an important design advancement. The new device can connect wirelessly to electronic health records systems and patient monitoring stations in hospitals to transmit temperature readings automatically into a patient’s record. According to recent research by MarketsandMarkets, the Bluetooth Smart and Smart Ready market is expected to be worth $5.34 billion by 2023. Product teams able to elevate next generation devices to take advantage of this trend often experience a corresponding increase in market adoption.”
This comes in a context of a several other major catalysts, including the company’s recent new product move: in late August, the company introduced the FireflyDX-Portable – a rechargeable, bookbag-sized, real-time pathogen detection system “designed to enable first responders, medical professionals and food safety officials to accurately obtain on-site results anywhere in the world in less than 30 minutes… including sample preparation time.”
Technically, the stock has been in a nosedive for most of the past few months, but volume has been exploding higher in recent trade, and support has finally been holding in the $0.002 area,setting up a possible Bounce Play!
With a Float of just 7.3M shares, PSID is hitting the market with big news at just the right time. Even a simple check of the 50-day moving average would mean 125% in upside potential, and with a float that small, it would take a nudge.
Get the stock on your radar ASAP!
About PSID
PSID (PositiveID Corporation), together with its subsidiaries, develops and sells molecular diagnostic systems for bio-threat detection and rapid medical testing.
PSID focuses on microfluidic systems for the automated preparation and performance of biological assays to detect biological threats at high-value locations and analyze biological samples at the point of need.
PSID has a portfolio of intellectual property related to sample preparation and rapid medical testing applications.
PSID’s M-BAND technology is a bio-aerosol monitor with integrated systems for sample collection, processing, and detection modules. M-BAND technology analyzes air samples for the detection of pathogenic bacteria, viruses, and toxins for up to 30 days.
Key Points:
  • PSID has a small trading float of just 7.3M, which suggests the stock could launch higher on any additional influx of interest.
  • PSID is making real money, with trailing revs already coming in at $4.9M.
  • PSID is starting to see major topline growth, with quarterly y/y revs increasing at 38%.
  • PSID just hit the market with potentially game-changing news coming next week at a high-profile conference on Agriculture in the nation’s biggest market.
  • PSID is coming off an RSI trough under 40, pointing to a massively oversold stock now heading back the other way.
  • PSID just recorded a MACD Bullish reversal, suggesting a technical change in trend.
For all of these reasons, we are now pounding the table on PSID. Good luck and Enjoy the Ride!

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