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nXTID

The stock recently exploded higher.

NXTD (Nxt-ID Inc.) is a security technology Company providing security for finance, assets, and healthcare.


Date : June 29, 2017

NXTD May Be Making a Serious Shift into Bull Mode

New Opportunity:  Nxt-ID Inc. (NASDAQ: NXTD)

The markets have been extremely strong, but tons of folks have been sitting on the sidelines in disbelief and are only now starting to think about getting involved in the bull… after nine years of straight up ripping.

That tends to lead to a surge of interest in small caps and micro-caps because they can rally so much further so much faster when compared to larger-cap stocks. The trick to find good stories with strong technicals and fundamentals working together.

Today’s new alert is a perfect example…

Symbol:  NXTD

Company:  Nxt-ID Inc.

Quote:  http://finance.yahoo.com/q?s=NXTD

Latest News:  http://finance.yahoo.com/q/h?s=NXTD+Headlines

Company Website:  http://www.nxt-id.com

aboutnxtd

Who is NXTD

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Nxt-ID Inc. (NASDAQ: NXTD) is a security technology Company providing security for finance, assets, and healthcare.

The Company’s innovative MobileBio solution mitigates risks associated with mobile computing, m-commerce, and smart OS-enabled devices.With extensive experience in biometric identity verification, security and privacy, encryption and data protection, payments, miniaturization and sensor technologies, the Company partners with industry leading companies to provide solutions for modern payment and the Internet of Things applications.

The Company’s wholly owned subsidiary, LogicMark, LLC, manufactures and distributes non-monitored and monitored personal emergency response systems sold through the United States Department of Veterans Affairs, healthcare durable medical equipment dealers and distributors and monitored security dealers and distributors.

According to its most recent filings, the company is pulling in a hefty $14.4M in trailing revs and growth has been monstrous, with y/y top line numbers jumping over 15k%.

According to company materials, “We are an early stage technology company that is focused on developing and marketing products, solutions, and services for organizations that have a need for biometric secure access control. We have three distinct lines of business that we believe will form our company: law enforcement, m-commerce, and biometric access control applications. Our initial efforts are focused on our secure products offering for the growing m-commerce market, most immediately a secure mobile electronic wallet. We believe that this constitutes unique technology because it takes a very different approach relative to the current offerings: instead of replacing the wallet through a smartphone, our aim is to improve it. We believe that our Wocket will reduce the number of cards to be carried in a consumer’s wallet while supporting virtually every payment method currently available at Point-of-Sale (POS) at retailers around the world including magnetic stripe, EMV/NFC and barcode all within a secure biometric vault.”

Recent Catalysts

First off, a quick scan of the chart will show that shares of NXTD are breaking out higher today (Wednesday, June 28, 2017). The company just presented at a major conference in China (2017 Reach China Investment Conference taking place on June 25-27 in Beijing). There may well be some correlation between these concepts. One cannot overlook the possibility that a major announcement will be on the way that was hinted at the conference and leaked into the market.

Otherwise, the operative ideas here are about the company’s “flye” smart cards and its Fit Pay subsidiary.

According to the company, Fit Pay, Inc. is led by former CyberSource and Visa executives with more than 50 years of payment and identity authentication domain expertise. With payment capabilities enabled by Fit Pay, wearable and IoT device manufacturers can create customer loyalty, tap into recurring revenue streams, open new markets, and differentiate their products in an increasingly competitive market.

The company was named a ‘Startup of the Year’ for payment technology by industry publication, Paybefore.

The company just announced that the Fit Pay Token Service Provider (TSP) solution has been successfully integrated with the Visa Token Service. Fit Pay is now qualified as a Visa TR-TSP partner through the Visa Ready Program

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This is obviously HUGE news and could send the company’s growth curve on a whole new trajectory.

The company also recently updated the world on its flye smart card solution, announcing that it has now delivered approximately sixty-thousand of the smart cards to WorldVentures, which is “a leading direct seller of global travel and leisure club memberships.”

“WorldVentures, following beta testing in the US, the company has now introduced their smart card to their members in a ‘flye First’ global promotion, calling it the world’s most cutting-edge technology that provides convenience and unprecedented security…WorldVentures recently announced in Singapore that flye First is now available to members in Singapore and South Africa; to be followed by Budapest in the near future. The flye proprietary wireless smart card was created by NXT-ID for WorldVentures DreamTrips members. DreamTrips is a travel club and entertainment community where Members enjoy exciting excursions year-round to extraordinary destinations. WorldVentures currently has over 500,000 DreamTrips Members in 30 countries.”

Technical Analysis

The stock recently exploded higher. As noted above, we don’t what the catalyst is. It could have to do with the company’s conference presentation in Beijing over the last couple days, or perhaps not. It could be a technical change in momentum.

The move broke the stock’s recent downtrend line and pushed it up above the 50-day simple moving average. That move also completely blew up the MACD into bull gear without kicking the RSI into anything close to “overbought”. In other words, the oscillators are signaling upward momentum without buyer exhaustion as a technical read according to our experience and analysis.

That’s a sweet spot here and it could have some legs.

NXTD.Chart

About NXTD

NXTD (Nxt-ID Inc.) is a security technology Company providing security for finance, assets, and healthcare.

The Company’s innovative MobileBio solution mitigates risks associated with mobile computing, m-commerce, and smart OS-enabled devices. With extensive experience in biometric identity verification, security and privacy, encryption and data protection, payments, miniaturization and sensor technologies, the Company partners with industry leading companies to provide solutions for modern payment and the Internet of Things applications.

The Company’s wholly owned subsidiary, LogicMark, LLC, manufactures and distributes non-monitored and monitored personal emergency response systems sold through the United States Department of Veterans Affairs, healthcare durable medical equipment dealers and distributors and monitored security dealers and distributors

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What You Need To Know:

  • NXTD shares are powering higher in recent action, breaking above the stock’s recent downtrend line and the 50-day MA after presenting at a conference in Beijing earlier this week.
  • NXTD is making real money, with trailing revs already coming in at $14.4M.
  • NXTD is starting to see major topline growth, with quarterly y/y revs increasing at 15,694%.
  • NXTD
  • NXTD is coming off an RSI trough under 40, pointing to a massively oversold stock now heading back the other way.
  • NXTD just recorded a MACD Bullish “explosion”, suggesting a technical change in trend.
  • NXTD saw it’s Fit Pay subsidiary seek and get Visa credential as well as be named Startup of the Year.

Conclusion:

In NXTD right now, you have a stock that is starting to show major signs of a potential turnaround. The company’s main subsidiary is rocking and rolling as Startup of the Year, recently being granted Visa credentials. Shares are blasting higher after a key conference in China, and momentum with other product lines appears to be growing, along with the company’s top line numbers.

The shift on the chart in recent days appears to be a serious inflection with upside potential. We don’t see any reason to argue with it.

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Disclaimer :

We do not advise any reader take any specific action. Losses can be larger than expected if the company experiences any problems with liquidity or wide spreads. Our website and newsletter are for entertainment purposes only. MyBestStockPicks engaged in the business of marketing and advertising companies. All content on our website is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a solicitation of the purchase or sale of any securities. Neither the owner of Our Newsletter nor any of its members, officers, directors, contractors or employees are licensed broker-dealers, account representatives, market makers, investment bankers, investment advisors, analyst or underwriters. Investing in securities, including the securities of those companies profiled or discussed on this website is for individuals tolerant of high risks. Never invest purely based on our alerts. Gains mentioned in our newsletter and on our website may be based on end-of-day or intraday data. This publication and their owners and affiliates may hold positions in the securities mentioned in our alerts, which we may sell at any time without notice to our subscribers, which may have a negative impact on share prices. If we own any shares we will list the information relevant to the stock and number of shares here.  Mybeststockpicks owns no shares of any of the companies mentioned here within, nor intends to buy any in the future. Mybeststockpicks  has been compensated total of two thousand dollars by ALG Financial  to perform 1 week  investors awareness advertisement on NXTD starting 17/052017 Read More

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