Yesterday, the MediXall Group Inc (OTCMKTS:MDXL) stock was trading in a range but at the same time, it is perhaps important for investors to note that it is not a stock that ought to be ignored.
Market Action
On Thursday, MDXL stock ended flat at $2 with 1K shares, compared to its average volume of 2.4k shares. The stock moved within a range of $2.0000 – 2.0000 after opening trade at $2.41K.
Business Update from Health Karma(TM) CEO, Travis Jackson
As it happens, the Chief Executive Officer of Health Karma, a fully owned subsidiary of MediXall, issued a letter to the MediXall shareholders. It could be a good idea for investors to take a look at some of the highlights from the letter and then make their minds up with regards to the company’s stock. He started off the letter by noting that he was excited with the sort of progress that had been made by the Health Karma team in recent times.
He noted that when he had taken over as the CEO of Health Karma he had tried to create a distribution system that was multi-pronged in nature. He noted that the company had managed to make ‘tremendous progress’ on that particular front The growing pipeline and the eligible member base has grown considerably and now stands at more than 50000 members. It now remains to be seen if the latest development leads to any move in the stock or not.
Traders Note
MDXL stock is trading below the 20-Day and 50-Day Moving averages of $2.09 and $2.09 respectively. Moreover, the stock is trading is the neutral zone with RSI stands at 44.
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