IME trade ideas
IMEXHS BreakoutGreat volume this week and the sell side has been thinning out. The share price has cooled over the last few months, but as others have noted, with the FDA approval and money in the bank, hopefully we'll start to see some new contracts and growth in the US-of-A. The downward trend definitely seems to be broken. Onwards and upwards from here I think.
From a TA point of view, we've got some solid depth and the price action is experiencing a breakout, and we have a golden cross with the 50 day moving average crossing the 100 day. IMO.
$IME:ASX - IMEXHS LIMITED - Running nicelyBit more of a speculative buy, but at 7 cents it seems reasonable value and momentum has been on its side since they announced their US deal with IGMC MEDICAL TECHNOLOGY GROUP (IGMC Med) for a nonexclusive distribution agreement in the US market. Miami-based, IGMC Med is a wholesale medical supply & equipment distributor with market positions in Florida and Texas. IMEXHS and IGMC Med will start reviewing market strategies while IMEXHS is waiting on its 510(k) clearance notice from the US FDA. If they get their FDA clearance it could move quite aggressively. Might be worth a watch.
Currently at 7 cents with 59 buyers for 7,089,371 units vs 34 sellers for 3,722,441 units. I have a trailing sell of 10% set, but will keep an eye on it around the 5% trail type mark.
IMEXHS Limited is a leading imaging Software as a Service (SaaS) and ancillary solutions provider. Founded in 2012, IMEXHS is known for its innovation in the imaging services market, offering flexible and scalable imaging solutions via its Hiruko branded suite of solutions for next generation Picture Archiving and Communications System (PACS) and integrated Radiology Imaging System (RIS). The Hiruko system is completely cloud based, vendor neutral and zero footprint with no need for installed software. Enhanced features such as a fully web-based voice recognition option and a zero footprint DICOM viewer are some of its advanced features. In addition to PACS and RIS, imaging technology and management systems can be provided on a Platform as a Service (PaaS) basis when packaged with equipment. The IMEXHS products are designed to increase productivity and save money for the users, with a scalable platform that is configured for the future, while enhancing patient outcomes.
