Medora Corp (OTCMKTS:XUII) Starts Work on Xumanii App for Smart TV
Northern, WI 06/11/2013 (GDPInsider) – Medora Corp (OTCMKTS:XUII) dropped 28.75% in trading today after starting at 0.18, 0.02 below its previous close of 0.20. The weak trading comes amidst a slew of positive breaking developments, indicating that the downtrend may soon give way to a potential rally.
Today’s trading saw a surge in investor interest with trading volume breaching 16.455 million, a solid 63.6% above average volume of 10.055 million. The stock had a trading range of 0.1220 and 0.1890 and current market valuation puts XUII 40% above its 52-week low of 0.1000 since April 2013.
XUII is a leading developer of proprietary technology capable of broadcasting live events in True HD™ wirelessly from multiple cameras at events, thereby creating high quality content for drastically lower production costs.
The company has been making solid progress in recent months, announcing a few well received news developments. The company announced early June that it had signed up and coming Rapper Karim Kharbouch aka “French Montana” to a two (2) year agreement that includes four (4) live broadcasts in True HD™ concert performances.
The contract with French Montana is expected to give XUII the much needed profile boost it needs among big-name entertainers looking to tap into the lucrative and growing segment of HD broadcasting.
XUII has also been busy shoring up its reach and announced plans to start work on its highly anticipated Xumanii TM Smart TV App for leading manufacturers. TV makers slated to use the app once it is finished include, Samsung, LG and Sony.
Smart TV sales have been growing at a dramatic rate since they first emerged on the scene back in 2009. XUII has stated that its objective is to penetrate this lucrative market and tap into the 87 million or so Smart TV sets projected for sales in 2013.
XUII has a good RSI of 42.68% and the stock has been rather buoyant in recent market valuations.
Is XUII a solid investment at these levels? Get exclusive data and trends here.
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