Update: iSpecimen ISPC Bottom or Fake out?
iSpecimen ISPC ran over 200% after our alert on November 22nd but as expected after an epic run like that, it will pull back. Since that 200% gain, ISPC has retraced to $5.39 just $.50 higher than what is was trading before the November explosion. It is official iSpecimen has fully retraced and could be ready for it’s next move up.
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iSpecimen ISPC announced last week, “the expansion of its supplier capabilities with the addition of a reference lab in New York to support commercial and government customers focused on COVID-19 research, including analyzing the Omicron and Delta variants.” However, before we get started, let’s review some basic information on this company.
iSpecimen Company Summary
Company Name: iSpecimen
Ticker: ISPC
Exchange: NASDAQ
Website: https://www.ispecimen.com/
ISPC Company Summary
iSpecimen offers an online marketplace for human biospecimens, connecting life scientists in commercial and non-profit organizations with healthcare providers that have access to patients and specimens needed for medical discovery. Proprietary, cloud-based technology enables scientists to intuitively search for specimens and patients across a federated partner network of hospitals, labs, biobanks, blood centers, and other healthcare organizations.
LVGI News
Jan. 13, 2022
Announced the expansion of its supplier capabilities with the addition of a reference lab in New York to support commercial and government customers focused on COVID-19 research, including analyzing the Omicron and Delta variants.
The reference lab, a recent addition to the iSpecimen supplier network, has the capacity to sequence hundreds of COVID-19 positive swabs per week, providing data that is crucial in the fight against the virus. This lab is sequencing the most recent swabs to identify new variants of COVID-19 as the virus continues to progress globally.
ISPC 1 Month Chart
iSpecimen 5 Day Chart
ISPC Technical Analysis
ISPC needs to stay above $5.43 and new highs to be a bounce. If it doesn’t, it will be a head fake! It has consolidated and appears to be slightly bullish. This could be what we have been waiting for!
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