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Neovasc Inc. T.NVC


Primary Symbol: NVCN

Neovasc Inc is a specialty medical device company. It develops, manufactures and markets products for the rapidly growing cardiovascular marketplace. Its products the Neovasc Reducer (Reducer), for the treatment of refractory angina, which is not currently commercially available in the United States and has been commercially available in Europe since 2015, and the Tiara, for the transcatheter treatment of mitral valve disease, which is under clinical investigation in the United States, Canada, Israel and Europe. The company earns revenue from one source, the Reducer.


NDAQ:NVCN - Post by User

Bullboard Posts
Post by agoldbloomon Jun 03, 2016 12:00pm
202 Views
Post# 24931546

Cue the bounce....

Cue the bounce....50% retracement takes NVC back to $1.25 barring any news.  More than likely, investors are realizing that this isn't the end and that there are still negotiations that will take place to reduce the awarded damages.....it's actually in the plantiffs best interests that NVC continues to grow and prosper.  I wouldn't be surprised if there's a small lump sum payment because of the costs of litigation, and then a smaller royalty than what the article I posted suggested.  Regardless, it looks like the bounce has started - deeply oversold position will correct itself, and $1.25 is the likely new pivot point.

https://stockcharts.com/h-sc/ui?s=NVC.TO 
Bullboard Posts