BioElectronics Corp. (OTC:BIEL)
BioElectronics is changing the way people heal around the world. With our expanding international presence, we are touching the lives of individuals suffering from pain and edema in over 40 countries worldwide. Our vision is to provide our highly effective and safe technological solution so people can live their lives pain-free. (Source:OTCmarkets.com)
The SS for BIEL is way to high for it’s current price.
| Shares Outstanding | 1,963,281,871 | a/o Dec 31, 2011 |
| Float | 1,882,095,249 | a/o Dec 31, 2011 |
| Authorized Shares | 2,500,000,000 | a/o Dec 31, 2011 |
An SS like this usually trades between .0002-.0015. At the moment we believe BIEL is way over valued because of this.
On the chart there is some RSI negative divergence on the 5 minute, this is a sell signal. We currently do not recommend taking a position in BIEL.
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