Blue Horseshoe Stocks: Special Report on PSID

Positive ID Corp. PSID

This morning we are going to revisit a play that brought us tremendous success earlier this year. Back in February, we tracked PSID over an impressive range from .0572 to .125, giving us the chance at close to 120% in gains. More recently, the stock has consolidated down to find support at .04, and we think the chart is beginning to look very ripe for a bounce. We’ll get to that in a minute, but first, for those of our readers that may not yet have been members this past winter, we’ll take a look at what Positive ID Corp actually does.

Essentially, PSID develops microfluidic systems for automated biological assays with applications ranging from homeland security and defense, to point-of-care biological sample analysis. In addition, each of these systems is being evaluated by some very high-profile entities:

M-BAND – PSID’s Microluidic Bio-Agent Autonomous Networked Detector is a fully-integrated bioaerosol monitor which performs multiplex assays using cell lysis and nucleic acid purification. It operates autonomously for up to 30 Days, providing continuous analysis of air samples and screening for bacteria, viruses, and toxins.

Firefly Dx – For point-of-care diagnosis, the FireFly Dx system is a portable handheld device capable of sample lysis, purification, PCR analysis and more, allowing for efficient field testing.

In March, PSID struck a contract with a large commercial partner to support a U.S. Department of Defense contract. The program will test and evaluate the M-BAND bio-threat detector for use by the U.S. military. PSID has announced that it expects to generate a sum of $841K in revenues from this contract in 2014.

More recently, in May, it was announced that PSID had signed a ‘Space Act Agreement’ with NASA’s Ames Research Center, under the terms of which NASA will assess Positive ID’s Firefly technology for potential ground and space applications, which we think is really cool!

There have also been a few other PR’s released over roughly the past month that warrant our attention, the links to which you can find below the following chart commentary:

The RSI is looking oversold, the MACD is gearing up to flip to the bullish side, and the chart is looking like it has tremendous potential as a bottom-play, with support having held off of a previously proven level at .04 for the past three sessions.

Due to this current positioning of the PSID Chart, and the nature of this morning’s press release, we are placing the stock on high alert today, and will want to pay extra attention to this play in coming sessions.

You can also take a look at the PSID chart via this quick video presentation:

LINKS TO RECENT PRESS:

DON’T MISS TODAY’S EXCITING NEWS:

PositiveID Receives New Order to Support M-BAND System for U.S. Government Contract

Order Increases the Value of Existing Department of Defense Contract; PositiveID Increases Revenue/Backlog Estimate to $3.5 Million; Reiterates Revenue Guidance of $4-10 Million Through the End of 2015 >> CLICK FOR PR

More Information @ www.positiveidcorp.com