A look at the three-year weekly chart for ALR Technologies (OTCBB: ALRT) shows a baseline pattern and support at 6 cents with additional support at 7 cents. Higher lows have been progressively made over the three years with a top-end resistance at 24 cents. The chart is just above support as the MACD and RSI show a potential shift in trend, which could be signaling a potential move off the support again.
This is a company that maintains a very low profile, but could easily emerge as the dominate force in remote chronic disease management. Learn more about ALRT on our corporate profile page.
ALRT Health-e-Connect (HeC) System is the principal product of the Company. HeC is a web-based patient management platform for medical professionals to improve compliance and management of care plans of patients in their homes. HeC is currently programmed to assist healthcare providers caring for diabetes patients. The platform will be expanded to cover patients with other chronic diseases. More information on ALR Technologies and its products can be found at http://www.alrt.com.
Respected analyst firm Taglich Brothers has initiated coverage on ALRT Technologies with a $0.50 12-month price target.
ALR Technologies (ALRT) Stock Quote and News:
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