NanoVibronix Soars More Than 330% After Sudden Market Surge

NanoVibronix (NASDAQ: NAOV) records a staggering performance when its shares leap 337.41%, closing at $12.86 at the time of writing. The abrupt spike sent shockwaves in the market as shares opened at $8.23 and reached an intraday high of $16.25 before closing near the end.

The price surge is a complete turnaround from the recent trend of the stock. NAOV had been trading sideways to down for much of the past year, consistently below major moving averages. Prior to today’s rally, the 20-day and 50-day exponential moving averages (EMA), which were at $4.25 and $4.38 respectively, were resistance — levels that have now been broken in a single session.

So, market watchers are guessing that all of this could be caused by some breaking news, a big company announcement, or just a ton of hype — but no official press release yet as I’m writing this. The surprise jump could also be taken to mean there is a short squeeze happening or more retail traders entering, possibly due to some social media buzz or a going-viral mention. Investors will be watching NanoVibronix over the next couple of days to see if this move is confirmed and for any news. Volume and volatility should remain fairly high for a while.

We’ll just have to wait and find out if this rally is the beginning of an extended trend or merely a brief blip. But one thing’s for sure, NanoVibronix has definitely gotten everyone’s attention!