The Technology sector needs absolutely no introduction because of its tear in recent months, making billionaires, well… richer billionaires, just look at Jeff Bezos. While the overall S&P 500 is trading down around -1.5% intraday, there are still bullish performers out there.
GTX Corp (OTCQX:GTXO) is trading up over 20% from yesterday’s close on news that the company is now taking preorders on its new 4G LTE MB IoT GPS SmartSoles after testing commences. This was welcomed news to shareholders as the stock was trading down near its March 2020 support level earlier this week. Recently coming off its all-time low, GTX Corp was a sight for sore eyes on a day that the market has erased quite a bit of gains for bullish investors. The Los Angeles-based tech firm is in the Wearable Medical Device market, which has been making waves in general with overall health and well-being stealing the media spotlight.
Patrick Bertagna, GTX Corp’s CEO mentioned that their new 4G model was "completely re-engineered in the U.S. from the ground floor up, including a new custom designed board and antennae, a more powerful and longer lasting battery, enhanced firmware and a super slim, low profile military grade encapsulation." He mentions this point in hopes to highlight the fact that there isn’t Chinese political exposure to this product since it is completely manufactured in the United States.
GTX Corp has made a nice move as of mid-day, so be sure to add this to your watchlist at the very least.
