Chembio Diagnostics is a biotech firm based in Hauppauge, New York that develops powerful diagnostic tools for medical applications the world over. The company keeps a global network of offices to ensure it can serve global clients, working from both Germany and Brazil.
Chembio Diagnostics (NASDAQ: CEMI)
This time last year, CEMI was trading at about the same price. It has seen a few spikes over that time related to news regarding its research, and it is currently recovering from a selloff earlier in the year.
Why is CEMI Moving?
CEMI stock is currently on the move after Brazil ordered $28M in COVID tests from the firm. The rapid test was verified as commercially viable in the spring, and this massive order boosted investor confidence. Because COVID-19 cases are rising in certain parts of the world, more test orders could occur at any time.
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Data for Chembio Diagnostics as of July 21, 2021
Summary of Chembio Diagnostics as of July 21, 2021:
Significant Dates for Chembio Diagnostics:
Technical Data of Chembio Diagnostics as of July 21, 2021:
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RSI: ⮕ 67.7824
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MACD: Signal Line (-0.5347) Under MACD (-0.1691) ⮕ Bearish
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Bollinger Bands: Price ($4.0), 20-Day SMA ($3.2983), Lower Band ($2.0137), Upper Band ($5.0769) ⮕ Neutral
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