Last week the Enzolytics Inc (OTCMKTS:ENZC) stock had hit its peak, but since then the stock has corrected sharply and over the course of the past week, it has tanked by as much as 40%.
While that may be the case, it is also necessary for investors to keep in mind that since May 19, 2021, the Enzolytics stocks is still up by a handsome 90%. Earlier on in the week, the company announced that plans for taking its ITV-1 anti-HIV therapeutic product to clinical trials and for eventual distribution in Europe have been concluded.
However, more importantly, the company also announced that the product is going to be a source of significant revenues for Enzolytics in the future. The company added that the product is not only going to be a positive for humanity but will also be a major positive for its business. It is now going to be interesting to note if the Enzolytics stock can recover today.
Market Reaction:
On Thursday, ENZC stock was down 2.40% to $0.2010 with more than 42.20 million shares, compared to its average volume of 40.32 million shares. The stock has moved within a range of $0.1821 – 0.2289 after opening the trade at $0.2030. Over the past 52-week, the stock has been trading within a range of $0.0002 – 0.9580.
Moving Averages
| +/- EMA(20) | 0.21 (-4.76%) |
| +/- SMA(50) | 0.16 (+25.00%) |
| +/- SMA(200) | 0.16 (+25.00%) |
Pivot Points
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
| Classic | 0.1323 | 0.1572 | 0.1791 | 0.2040 | 0.2259 | 0.2508 | 0.2727 |
| Fibonacci | 0.1572 | 0.1751 | 0.1861 | 0.2040 | 0.2219 | 0.2329 | 0.2508 |
| Camarilla | 0.1881 | 0.1924 | 0.1967 | 0.2040 | 0.2053 | 0.2096 | 0.2139 |
| Woodie | 0.1328 | 0.1574 | 0.1796 | 0.2042 | 0.2264 | 0.2510 | 0.2732 |
| DeMark | – | – | 0.1682 | 0.2040 | 0.2150 | – | – |
 Stock Corrects 40% From This Week Peak: But Why?){kind=link}