The RushNet Inc (OTCMKTS:RSHN) stock has been one of the strongest performers this week and although stock fell by 30% yesterday due to profit taking; it is still up by as much as 105% for the week.
Yesterday, the company announced that its much anticipated transaction with heliosDX is going to be closed once RushNet becomes pink current on the OTC Markets and successfully meets all the audit requirements of the exchange.
Once the transaction with heliosDX is completed, RushNet is going to spin itself off along with its existing assets. In addition to that, heliosDX is also going to be spun off. Both those entities are then going to be turned into publicly traded firms. In this regard, it is also necessary to point out that RushNet Inc shareholders are going to get a dividend of up to 12 shares once the heliosDX spinoff is formalised. Hence, it might still be a wise move to keep an eye on the RushNet stock in the coming weeks.
Market Reaction:
On Thursday, RSHN stock decreased by 30.41% to $0.0119 with more than 3 billion shares, compared to its average volume of 264.18 million shares. The stock has moved within a range of $ 0.0104 – 0.0249 after opening the trade at $0.0209. Over the past 52-week, the stock has been trading within a range of $0.0001 – 0.0249.
Moving Averages
| +/- EMA(20) | 0.0063 (+88.89%) |
| +/- SMA(50) | 0.0025 (+376.00%) |
| +/- SMA(200) | 0.0012 (+891.67%) |
Pivot Points
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
| Classic | -0.0079 | 0.0012 | 0.0066 | 0.0157 | 0.0211 | 0.0302 | 0.0356 |
| Fibonacci | 0.0012 | 0.0068 | 0.0102 | 0.0157 | 0.0213 | 0.0247 | 0.0302 |
| Camarilla | 0.0079 | 0.0092 | 0.0106 | 0.0157 | 0.0132 | 0.0146 | 0.0159 |
| Woodie | -0.0009 | 0.0048 | 0.0136 | 0.0193 | 0.0282 | 0.0338 | 0.0427 |
| DeMark | – | – | 0.0039 | 0.0157 | 0.0184 | – | – |
 Stock Falls On Profit Booking: What to do Now?){kind=link}