FDA clears novel sleep apnea treatment

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VVOS – Up over 100% in pre-market after announcing first ever FDA 510(k) clearance for oral device treatment of severe obstructive sleep apnea

ATXI – Up over 50% in pre after reporting 14.5% passive stake from Robert Davidow

RDHL – Up over 30% in pre after short squeeze

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VVOS – Up over 100% in pre-market after announcing first ever FDA 510(k) clearance for oral device treatment of severe obstructive sleep apnea

Vivos Therapeutics (VVOS), a medical technology company, develops and commercializes treatment alternatives for patients with dentofacial abnormalities, obstructive sleep apnea (OSA), and snoring in adults.

This morning, the company announced the “first ever FDA 510(k) clearance for oral device for treatment of severe obstructive sleep apnea”.

According to Finviz, based on yesterday’s close, the stock had a market cap of only $5.27million and a float of only 1 million shares.

The stock traded up over 100% in pre-market after the news.

The $9 area has acted as support so far in the pre-market and will be an important level to watch.

Above that, targets are $9.80, $10.50 and the pre-market high of $10.69. Beyond that, $11.25 and $14.02 come into play with $20 above that.

Below $9, there is potential support at $7.75, $7, $6 and a gap to fill at $4.39.

ATXI – Up over 50% in pre after reporting 14.5% passive stake from Robert Davidow

Avenue Therapeutics (ATXI) a specialty pharmaceutical company that develops and commercializes therapies for the treatment of rare and neurologic diseases in the United States.

Robert is a director in the company and the filing was enough to send ATXI up over 50% in the pre-market.

The $0.28 area was resistance in the after-hours and now becomes a potential level of support.

Above it, targets to the upside are $0.32, $0.36 and then the pre-market high at $0.3750. Beyond that $0.45, $0.55, $0.60 and $0.70 come into play.

Below $0.28, there is potential support at $0.2550, $0.24, $0.22, $0.20 and then a gap to fill at $0.1875.

RDHL – Up over 30% in pre after short squeeze

RedHill Biopharma (RDHL) is a specialty biopharmaceutical company, primarily focuses on gastrointestinal and infectious diseases.

On Monday, the company announced that it had received from the FDA 5 year US Market exclusivity for Talicia with IP protection running to 2034. It was on the Hotlist Monday, and the stock is gapping another 30% in pre-market this morning as shorts appear to have been trapped. This is one to once again have on your radar this morning.

The $2.80 area has acted as support so far in the pre-market and will be an important level to watch.

Above it, targets to the upside are $3.25, $3.50, $3.66 and then the pre-market high at $4.10. Beyond that, $4.50, $5, and $5.50 come into play. Beyond that, things could get wild.

Below $2.80, there is potential support at $2.50, $2.25, $2, $1.70 and $1.18.

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