NXT-ID Completes Acquisition of LogicMark

MELBOURNE, Florida - July 26, 2016 (Investorideas.com Newswire) NXT-ID, Inc. (NASDAQ:NXTD) (NXTDW) ("NXT-ID" or the "Company"), a company focused on the growing mobile commerce market announces it has completed its acquisition of LogicMark, LLC ("LogicMark"), a leading provider of unmonitored personal emergency response devices (PERS).

NXT-ID, Inc. has completed its previously announced acquisition of LogicMark for $20,000,000, and $900,000 of stock and warrants. In addition, LogicMark's selling equity holders may be paid an earn-out of up to $6,500,000 based on achieving certain performance goals within the next 18 months. The acquisition was financed with a $15,000,000 senior secured debt facility provided by ExWorks Capital Fund and $4,500,000 of preferred equity provided by several institutional investors.

Earnings from Sprint Corp (NYSE:S) were at rockstar status today. The stock is surging, trading at $5.79 +1.19 (+25.87%). Big money is watching the gap fill on the chart at $6.20 as a shorting level. Until then, it is not worth stepping in front of this train. Fantastic move but there will be a trade here in the next few days on the short side. See the chart below.

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Home Depot Inc (NYSE:HD) is touching resistance at the upper end of a triangle pattern. Selling should begin in the next few days and the lower end of the triangle is expected to break. When that happens, investors are looking for downside to $124.00, $110.00 and finally $92.50. This is huge potential downside considering the stock is currently trading at $136.51. Note the chart below that shows the triangle and the potential break points when the triangle pattern breaks.

Teucrium Corn Fund (NYSEARCA:CORN) is the ETF that tracks the commodity CORN. This jumped on my radar on Friday because of the oversold chart put in a reversal signal known as a bottoming tail. Bottoming tails are candles on the chart that are important when they occur at multi month lows. This is the case on CORN. When this occurs, the odds heavily favor a move to the upside. Note the chart below. Upside is likely to $21.50 in the next month or two.