2024-01-26 11:39:46 ET
DENVER, Colo., Jan. 26, 2023 ( www.247marketnews.com )- We covered Rail Vision’s (NASDAQ: RVSN) EU approval news, last week, when it was at $2.51, but originally viewed it to be better as a scalp. We correctly warned that it was outrunning its support, on Tuesday, and yesterday stated that it appeared to be squeezing after it rallied on its recent announcement that its Main Line system successfully obtained formal certifications for critical European Union (EU) railway standards.
Yesterday, Rail Vision hit a 10-month high of $10.35 and closed at $7.58 (+40.11%), on 35.8M shares traded. It appears to be squeezing again in today’s session as it’s trading at $9.44, up $1.86 (+24.54), on 4.4M shares traded.
Rail Vision is a technology company that is seeking to revolutionize railway safety and the data-related market. The Company has developed cutting-edge, artificial intelligence based, industry-leading technology specifically designed for railways. The Company has developed its railway detection and systems to save lives, increase efficiency, and dramatically reduce expenses for the railway operators. Rail Vision believes that its technology will significantly increase railway safety around the world, while creating significant benefits and adding value to everyone who relies on the train ecosystem: from passengers using trains for transportation to companies that use railways to deliver goods and services. In addition, the company believes that its technology has the potential to advance the revolutionary concept of autonomous trains into a practical reality. For more information, visit https://www.railvision.io/
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(NASDAQ: RVSN) is Still Chugging Along