Worth Watching: Skyline Medical Inc’s Trend Up, Especially After Today’s Record High Milestone

Worth Watching: Skyline Medical Inc's Trend Up, Especially After Today's Record High Milestone

The stock of Skyline Medical Inc (NASDAQ:SKLN) reached all time high today, Nov, 2 and still has $6.03 target or 78.00% above today’s $3.39 share price. This indicates more upside for the $18.22 million company. This technical setup was reported by Barchart.com. If the $6.03 PT is reached, the company will be worth $14.21 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 8.59M shares traded hands or 2810.27% up from the average. Skyline Medical Inc (NASDAQ:SKLN) has declined 39.65% since March 31, 2016 and is downtrending. It has underperformed by 42.18% the S&P500.

Analysts await Skyline Medical Inc (NASDAQ:SKLN) to report earnings on November, 21.

According to Zacks Investment Research, “Skyline Medical Inc. is a medical device company. It produces an automated surgical fluid disposal system. The Company has a fully automated surgical fluid disposal device – the Streamway System. Its Streamway System fully automates the collection, measurement and disposal of surgical fluids. Skyline Medical, Inc. is based in Eagan, Minnesota.”

More notable recent Skyline Medical Inc (NASDAQ:SKLN) news were published by: Globenewswire.com which released: “Skyline Medical Expands Relationship with GLG Pharma to Include Exclusive …” on November 02, 2016, also Globenewswire.com with their article: “Skyline Medical Effects 1-For-25 Reverse Stock Split” published on October 27, 2016, Seekingalpha.com published: “Skyline Medical up 38% on UK distribution deal” on November 01, 2016. More interesting news about Skyline Medical Inc (NASDAQ:SKLN) were released by: Globenewswire.com and their article: “Two Skyline Medical Directors along with GLG Pharma’s Chief Operating Officer …” published on October 31, 2016 as well as Streetinsider.com‘s news article titled: “Skyline Medical (SKLN) Receives Nasdaq Listing Notification; Plans to Request …” with publication date: October 12, 2016.

SKLN Company Profile

Skyline Medical Inc., incorporated on April 23, 2002, is a medical device firm that develops and makes The STREAMWAY System, a solution for the collection and disposal of infectious fluids that result from surgical procedures and post-operative care. The Firm distributes these products to hospitals, surgical centers and other medical facilities where bodily and irrigation fluids produced during surgical procedures must be contained, measured, documented and disposed. The Firm also makes and sells two disposable products required for system operation: a bifurcated single procedure filter and tissue trap, and a single use bottle of cleaning solution. Both items are used on a single procedure basis.

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