NanoViricides Inc. (NNVC)

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VOLATILITY APPROACHES HISTORIC LOWS

One of the most well-supported facts about stock prices is volatility is mean-reverting. When it gets very low it will revert at least back to its long-term average, if not go towards the other extreme.

Using ATR 14, a commonly used measure of stock volatility ( Average True Range Wiler 1978) I find that NNVC's ATR14 is now in the lowest 1/2 of 1 percent of all readingS back to its inception. This suggests that a volatility explosion is probable. This tendency does not provide any indication as to whether the increase in volatility will be to the upside or downside.

The bottom line is the stock is very compressed and the emergence of a strong trend is imminent.

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