| (Nasdaq: CHEK) Heats Up In Pre-Market As $1.00 Psychological Chart Resistance May Get Tested
February 24th Dear Reader,
Things are starting to heat up this morning in pre-market for Check-Cap Ltd. (Nasdaq: CHEK).
And if $1.00 psychological chart resistance is tested early Monday, a ton of buzz could surround CHEK today.
Check-Cap Ltd., a clinical stage medical diagnostics company, engages in the development of a capsule-based screening technology that utilizes ultra-low-dose X-rays to scan the inner lining of the colon for precancerous polyps, and other structural abnormalities.
Why we're tracking it right now...
This is a low float idea. With roughly 4.42Mn shares in its float, volatility potential could be significant.
CHEK's float could be part of the reason it was able to surge from a December 23rd, 2024 open of $.60 to an intraday high of $3.04.
That's over 400% in a blink!
Now, a float alone is no guarantee a profile will surge for any given reason, but when there are fewer than 5Mn shares, the potential for explosive chart moves may be elevated.
I'll be in touch today with more on (Nasdaq: CHEK). Be on the lookout.
Sincerely, FierceAnalyst | Jaks Swift Editorial Writer
(Always Remember The St-ock Prices Could Be Significantly Lower Now From The Dates I Provided.)
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