Shares in cancer therapeutic products designer OncoSec Medical Incorporated (ONCS) are smoking today after traders finally busted through the .30 level. Announcing their attendance at another upcoming investor conference and a favorable Seeking Alpha write up have pushed ONCS stock past its 200 day moving average to its highest level since mid-March.
The share price of OncoSec was just 0.222. when we at AimHighProfits issued our alert on the penny stock June 25th. This breakout was exactly what we expected would happen when we said to “Approach ONCS Long and Strong”. It’s now up 45.95% since our alert, 70% since our initiated coverage, and could be headed towards its 52 week high.
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ONCS Stock Chart
Market Cap: 28.47M
Last: 0.324, up 0.064 (24.62%)
Dollar Volume: $1,158,197
Average Trade Size: 7,464
Issued and Outstanding: 87,856,000
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About ONCS Stock
OncoSec Medical Inc. is an emerging drug-medical device and therapeutic company focused on designing, developing and commercializing innovative and proprietary medical approaches for the treatment of solid cancers that have unmet medical needs or where currently approved therapies are inadequate based on their efficacy or side-effects. In March 2011, OncoSec acquired from Inovio Pharmaceuticals, Inc. certain assets related to the use of drug-medical device combination products for the treatment of different cancers. With this acquisition, the Company has focused its efforts in the biomedical industry.
Click here to view the SEC filings for ONCS.
Bottom Line: We were looking for ONCS to be one of the better performing penny stocks of the summer and we were right with this, its 2nd breakout. As long as ONCS stock price can close above 0.30 and open above it tomorrow, this could be the beginning of that run towards $1 we we’re projecting back in June.
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