APDN is a provider of botanical-DNA based security and authentication solutions that can help protect products, brands and intellectual property of companies, governments and consumers from theft, counterfeiting, fraud and diversion. SigNature(R) DNA and DNANet(R), our principal anti-counterfeiting and product authentication solutions that essentially cannot be copied, provide a forensic chain of evidence and can be used to prosecute perpetrators. source(otcmarkets.com)
Applied DNA Sciences, Inc. (OTC: APDN) is a wily veteran penny stock, that has been around for over a decade. As most of you already know many penny stocks are new to the public market space.
APDN has been under major interest from the investing public for well over a year now. Which is a very positive thing for a company, but with just over $17,000,000 in earnings how much higher can this stock go having a market cap of $125 Million plus!? Well it’s 52 week high was over $0.27, and currently the stock is priced at approximately half of the 52 week high. It is tough to tell to be honest a deeper look is needed.
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Now let’s take a look at APDN’s chart.
The chart isn’t super impressive, but what I did take from this is that APDN is approaching it’s 50 day moving average which is shown buy the blue line on the chart. Should the company break through this level I believe it could be headed higher. Also take into consideration that the 200 moving average(red line in chart) is right about $0.10 which tells me that there is much stability in APDN above ten cents IMO. I am excited to see where this company goes in the next month or so. I will keep an eye on it and update accordingly.
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