24/7 Market News June 10, 2022 Weekly Wrap

June 10, 2022

Medical

AeroClean Technologies (Nasdaq:AERC) started making its move on Tuesday when it stated that the U.S. Food and Drug Administration (FDA) granted AeroClean’s Pūrgo technology 510(k) clearance, classifying it as a Class II Medical Device. Over the next two days, it gained over 500% and is holding most of that and is trading at $9.47, up $0.46 (+5.11%), on 10,287,291 shares.

Alaunos Therapeutics Inc (NASDAQ:TRCT) made a solid, high volume, move earlier in the week and continues to trend higher on very strong volume. The MACD and RSI are now positive and the 20 day simple moving average crossed above the 50 day, but both are well below to 200 day simple moving average, which, if the price continues to move higher, may become a significant resistance point.

Onconova Therapeutics, Inc. (NASDAQ:ONTX) made a solid, but light volume, move and continues to trend higher, but it continues to lack the necessary volume.

Janone Inc (NASDAQ:JAN) broke out on patent issuance news, but has since drifted downward and risks completely breaking down.

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