Lightwave Logic, Inc. (LWLG)

Lightwave Logic, Inc. is trading at $5.14, down 5.34% on the session. The 50 day average sits at $7.09 and the 200 day at $7.19, which puts the stock in a downtrend. RSI is at 36.8, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $5.32 with resistance near $7.19, so that band frames the current range. Average daily movement is roughly $0.57, or about 11.0% of the share price, which is what any stop placement has to allow for. The overall health score of 16 out of 100 combines a trend score of 0, momentum of 25 and a risk score of 30.

Lightwave Logic, Inc. focuses on the development and commercialization of electro-optic polymer materials for data communications and other photonic application in the United States and internationally. The company sells electro-optic (EO) polymer materials for integration into silicon photonics and other photonic integrated circuit platforms under the Perkinamine name. It is also involved in intellectual property licensing; and royalty activities. The company serves semiconductor foundries, silicon photonics device designers, and optical module manufacturers, as well as system integrators serving artificial intelligence, cloud computing, data center, and telecommunications markets. The company was formerly known as Third-order Nanotechnologies, Inc. and changed its name to Lightwave Logic, Inc. in March 2008. Lightwave Logic, Inc. was founded in 1991 and is headquartered in Englewood, Colorado.