CDX trade ideas
Cardiex - Potential for upswingThis script is on my watchlist for 2 reasons. 1 - It has shown a huge amount of volume in the recent past which has not been reflected in an upswing in price. The steady price level indicates that any additional interest will generate an up move. 2 - The script is forming a round bottom and the chances of a further move down are limited but cannot be discounted. The price is being supported by the 50 MA. Not investment or trading advice folks.
$CDX - CARDIEX - Running on acquisition newsMicro cap that might be worth a look. I like the space that both of these companies are in. It might languish for a little now the news is out but could be a a good opportunity for a small entry play with the pull back. See what happens when the market opens tomorrow.
CardieX Update on the Acquisition of 50.5% of inHealth
About CardieX
CardieX Limited is a global health technology company that develops digital and device based solutions for largescale population health disorders. The Company’s XCEL device is the world leader in measuring “central blood pressure” which is considered essential for the management of hypertension and related cardiovascular disorders. CardieX also has a joint venture partnership with Blumio, Inc in Silicon Valley for the development of a radar-based blood pressure sensor incorporating CardieX technology. In November 2018 CardieX entered into an agreement with telehealth services provider, inHealth Medical Services, Inc, allowing CardieX to acquire up to 50.5% of inHealth by way of a convertible note.
About inHealth
inHealth Medical Services Inc, is a leading US provider of telehealth services, providing digital, e-commerce and mobile tools for patients to connect online with health coaches as part of a patient care program. inHealth’s patient care programs are based on long-term clinical trials that demonstrate superior patient outcomes through the use of telehealth coaching services. inHealth has partnerships with some of the leading healthcare institutions in the USA including Anthem, American Well, and Kaiser Permanente.
