bioAffinity Technologies (NASDAQ:BIAFW) Share Price Breaks Below 200-Day Moving Average – What’s Next?

Shares of bioAffinity Technologies, Inc. (NASDAQ:BIAFW – Get Free Report) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $0.24 and traded as low as $0.2180. bioAffinity Technologies shares last traded at $0.1970, with a volume of 702 shares trading hands.

bioAffinity Technologies Price Performance

The company’s 50-day simple moving average is $0.30 and its 200-day simple moving average is $0.24.

About bioAffinity Technologies

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bioAffinity Technologies, Inc is a biotechnology company focused on developing noninvasive diagnostic tests and targeted cancer therapies. The company’s technology uses porphyrin compounds, which can bind to cancer cells and other biological targets, with the goal of improving the detection and treatment of cancer.

Its lead diagnostic product, CyPath Lung, is an investigational urine-based test designed to aid in the detection of lung cancer, including at earlier stages. The test uses a fluorescent porphyrin compound and flow cytometry to identify cancer-associated signals in urine.

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