$RXMD Angling for a Fresh Breakout

RXMD put in a key low on a glaring bullish MACD divergence. Now we see to be angling toward an ascending triangle breakout that could bring the dime level into play.


Progressive Care Inc (OTCMKTS:RXMD)

Progressive Care has been putting up huge growth data in recent months, vaulting onto our radar as one of the most interesting penny plays out there. As it stands, this stock is likely not going to be on the OTC much longer, with an S-1 due in early Q2 along with an application to uplist onto the Nasdaq or NYSE.

The company operates a retail pharmacy that specializes in the sale of anti-retroviral medications and related patient care management; the sale and rental of durable medical equipment (DME), such as hospital beds, oxygen supplies, power wheelchairs, scooters, walkers, and other related equipment and accessories; and the supply of various prescription medications to long term care facilities.

It also provides long term care solutions to skilled nursing facilities, assisted living facilities, retirement centers and communities, doctors’ offices, and clinics. In addition, the company purchases, repackages, and dispenses prescription and non-prescription pharmaceutical products for its long term care customers.

Further, it offers computerized maintenance of patient prescription histories, third party billing, and consultant pharmacist services consisting of evaluation of monthly patient drug therapy and monitoring the institution’s drug distribution system, as well as home service and maintenance, defective product replacements, and free home installation and instruction services.


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