VMCI | Bullishness Surrounds iMedicor Shares Despite Delays

Late on their 10-K and recent 10-Q, the penny stock of iMedicor Inc. (VMCI) has been on absolute fire for the last month and does not seem to be cooling down. Setting a new 52 week high at the start of December, VMCI stock has been surpassing resistance points at an extremely bullish pace for the last 20 trading sessions. If the scheduled launch of the Company’s Social Health Information Exchange, “SocialHIE,” Version 3.0 has been the recent catalyst for the 442% increase in share price, it quite possible that updated reports of continuing revenue growth for the periods ended since March 31, 2012 could push the healthcare focused shares to a new 52 week high.

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VMCI Stock Chart

Market Cap: 13.20M
Close: 0.038, up 0.005 (15.15%)
Volume: 2,130,463
Dollar Volume: $75,785
High: 0.038
Low: 0.032
Trades: 33
Average Trade Size: 64,559
Authorized: 600,000,000
Issued and Outstanding: 347,376,527

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iMedicor created a web-based portal, SocialHIE, which allows Physicians and other healthcare providers to exchange patient specific healthcare information via the internet while maintaining compliance with all Health Insurance Portability and Accountability Act of 1996 regulations. The new 3.0 version, slated to be available next month, will feature unparalleled levels of encryption and interoperability allowing doctors and other healthcare professionals and facilities to communicate securely with each other whether they are inside or outside the SocialHIE network.

The current network has proven to be successful recording Q1 revenues of $637,295 for the period ended March 31, 2012 versus $477,119 for the same period in 2011. While breakeven EBITDA was within reach during the last reported quarter, a surge in sales and decrease in consulting, commissions and travel could easily put iMedicor in the black. However, until the Q for the most recent quarter and the K for the fiscal year ended June 30, 2012 are filed, speculation will remian optomistic that all essential data for trading is with the margin of growth.

Probably the biggest boost VMCI shareholders could have hoped for came form the Company’s CEO and President, Fred Zolla, when he stated that “Recently, the Secretary of Health and Human Services received communications from prominent members of Congress indicating that Meaningful Use incentives should be suspended or eliminated due to the lack of a technology platform that would address Interoperability across various Electronic Health Records and Hospital Information Systems. The fact is, the technology does exist. iMedicor SocialHIE provides the comprehensive solution to this problem.”

About VMCI Stock

iMedicor, Inc., formerly Vemics, Inc., builds portal-based, virtual work and learning environments  in healthcare and related industries. Click here to view the SEC filings for VMCI.

Last 5 Trading Sessions:

Date Last Change % Change Volume
12/07/12 0.0380 +0.0050 +15.15% 2,130,400
12/06/12 0.0330 -0.0020 -5.71% 993,400
12/05/12 0.0350 +0.0050 +16.67% 1,912,400
12/04/12 0.0300 -0.0050 -14.29% 3,160,700
12/03/12 0.0350 +0.0100 +40.00% 3,375,600

Bottom Line: VMCI has been a hot penny stock for over a month now and is still worth adding to the watch list simply due to the momentum and low share price. A one cent move on VMCI stock could be worth 26% alone. With a 14-Day RSI of 76.79% and a 14-Day Stochastic of 93.75%, it seems like very little is able to hold back the shares from surpassing and closing above 0.05 this coming week.

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