Will The Rally Continue? RushNet Inc (OTCMKTS:RSHN)

Recently RushNet Inc (OTCMKTS:RSHN) was taken over by Ashley Sweat and this past week, the company provided an update regarding the second fiscal quarter.

Specifically, the company released information in relation to the finances involved with the heliosDX merger and also provided a snapshot of the road ahead. The second quarter has proven to be another record quarter for heliosDX so far and that carries on from the company’s performance in the previous quarter. In the first quarter, the company had generated $1252000 in revenues, which was a record.

In the two months in April and May, the company has managed to generated revenues of as much as $990000 in total. Hence, it is clear to see that heliosDX looks set to have another strong quarter. That has prompted investors to pile on to the RushNet stock and on Friday, the stock soared by as much as 130%. It is not going to be interesting to see if it can continue to record gains in the coming week.

Moving Averages

+/- EMA(20)0.0015 (+160.00%)
+/- SMA(50)0.0011 (+254.55%)
+/- SMA(200)0.0008 (+387.50%)

Technical Indicators

CCI20312.1693OverBoughtChaikin Money Flow0.2131Buy
MACD0.0003BuyMoney Flow Index73.1276Buy
STOCH (14,3)90.9091OverBoughtSTOCH RSI1.0000OverBought
UO67.0959BuyWilliams %R-9.0909OverBought

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