XXII is a plant bio tech company that specialize in the development of allowing the increase or decrease in the level of nicotine in tobacco as well as the levels of cannabinoids in cannabis plants. This development is through genetic engineering. The company was established Jan 25 2011 and is in NY.
Products include X-22, spectrum government research cigarettes, magic 0/2, moonlight, red sun, prescription smoking cessation aid. It is currently developing modified risk cigarettes including BRAND A which has 95% less nicotine than tobacco n cigarettes and BRAND B which is a cigarette that has the lowest amount of tar per milligram of nicotine.
XXII have said that 41 public health and medical organizations wrote an open letter to the commissioner of the FDA asking them to implement its plan to reduce nicotine in cigarettes to minimal or non addictive levels by March 2019.
Independent clinical trials showed that XXII Very Low Nicotine cigarettes reduce cravings of cigarettes and increase the quitting attempts.
pipeline-X-22 Smoking cessation Two Phase 3 trials to commence 2H 2018
Latest news -22nd Century Group to be Added to Russell 2000, Russell 3000, and Russell Global Indexes which was announced on Friday 8th of June 2018.
The company is currently not profitable with and EPS of $-0.09 revenue is 17 mil and cash is 63 mil.
For the year the stock is up 30% and for the month -2% . The 52 week high is 4.44 and low is 1.33
Currently the 200 DMA is 2.57 and 50 DMA is 2.22. Currently the price is trading above the 50 DMA which can indicate a bullish signal. However he ADX ( over 25 is a strong trend) is looking weak or flat at just over 11 +DI is over 17 and - DI is over 13 which can indicate a flat trend.
Daily current support 2.08/2.14/2.17/2.2
Daily current pivot 2.24
Daily current resistance 2.27/2.3/2.34/2.38
How I would trade this long term
I would personally trade this from the lowest support to the next mid range resistance short term this has a down trend so if I was to trade this I would look to enter at 2.08 to 2.14 and sell at a profit if the resistance of 2.27 does not hold or if it can not maintain closing above the 50 DMA on the daily with limit stops 10 cents under my bid I would also look to see if the short term trend can break to a new up trend this would mean to move above and close above 2.36 short term and continue an up trend for me to continually hold this stock till March 2019. I would sell at a profit and rebuy at the lowest support with the extra profit to increase my share holdings short term until I can see a change in trend. I will have to update this as time goes by but to me this is a risky investment but can also be one that pays off.
Remember to do your DD and my advice is that of my own and not of a professional.
Products include X-22, spectrum government research cigarettes, magic 0/2, moonlight, red sun, prescription smoking cessation aid. It is currently developing modified risk cigarettes including BRAND A which has 95% less nicotine than tobacco n cigarettes and BRAND B which is a cigarette that has the lowest amount of tar per milligram of nicotine.
XXII have said that 41 public health and medical organizations wrote an open letter to the commissioner of the FDA asking them to implement its plan to reduce nicotine in cigarettes to minimal or non addictive levels by March 2019.
Independent clinical trials showed that XXII Very Low Nicotine cigarettes reduce cravings of cigarettes and increase the quitting attempts.
pipeline-X-22 Smoking cessation Two Phase 3 trials to commence 2H 2018
Latest news -22nd Century Group to be Added to Russell 2000, Russell 3000, and Russell Global Indexes which was announced on Friday 8th of June 2018.
The company is currently not profitable with and EPS of $-0.09 revenue is 17 mil and cash is 63 mil.
For the year the stock is up 30% and for the month -2% . The 52 week high is 4.44 and low is 1.33
Currently the 200 DMA is 2.57 and 50 DMA is 2.22. Currently the price is trading above the 50 DMA which can indicate a bullish signal. However he ADX ( over 25 is a strong trend) is looking weak or flat at just over 11 +DI is over 17 and - DI is over 13 which can indicate a flat trend.
Daily current support 2.08/2.14/2.17/2.2
Daily current pivot 2.24
Daily current resistance 2.27/2.3/2.34/2.38
How I would trade this long term
I would personally trade this from the lowest support to the next mid range resistance short term this has a down trend so if I was to trade this I would look to enter at 2.08 to 2.14 and sell at a profit if the resistance of 2.27 does not hold or if it can not maintain closing above the 50 DMA on the daily with limit stops 10 cents under my bid I would also look to see if the short term trend can break to a new up trend this would mean to move above and close above 2.36 short term and continue an up trend for me to continually hold this stock till March 2019. I would sell at a profit and rebuy at the lowest support with the extra profit to increase my share holdings short term until I can see a change in trend. I will have to update this as time goes by but to me this is a risky investment but can also be one that pays off.
Remember to do your DD and my advice is that of my own and not of a professional.