NXT-ID Inc (NASDAQ:NXTD)’s Pocket Smart Wallet Became Centre Of Attention At CES 2015

Despite all the odds, NXT-ID Inc (NASDAQ:NXTD) believes in the positive happenings, which is reflective in its latest update released yesterday. The company engaged in biometric authentication in the booming mobile commerce market proudly announced a welcoming response to its Wocket smart wallet at Consumer Electronics Show (CES) 2015 taking place in Las Vegas.

Have analyst identified a ongoing trend in NXTD? 

Media Coverage

Several news dailies and gadgets dedicated websites applauded NXT-ID Inc (NASDAQ:NXTD)’s innovative idea of Wocket smart wallet. The product was named among the “11 Hot Products at CES: by Wired.com; while Newseveryday.com rated it among the “5 Best Products Launched At CES So Far”. Also, Danny Jacobs at the Daily Record named the smart wallet among “The top 10 gadgets from CES 2015”.

Pleased and excited with the positive reviews, NXT-ID Inc (NASDAQ:NXTD)’s CEO Gino Pereira expressed his thankfulness to all the media, retailers, distributors and industry peers, who were present at the booth. According to Pereira, the response from the media and the attendees was overwhelming. He was stunned by the endorsement received by both domestic and international media. The Huffington Post UK, Toronto Star, and media from Europe to Australia and Middle East all covered the company’s product in their news stories. CNN, Wired.com, and Pymnts.com were also some of the leading U.S. media to highlight the smart wallet in their pages.

Holistic And Unique Solutions

The extraordinary response at the CES 2015 establishes the fact that people need solutions to address their personal privacy, as per Pereira. The year 2015 marks the year when payment and identity security will be the focus for everyone, and the company will strive to offer its best solutions. NXT-ID Inc (NASDAQ:NXTD)’s smart wallet is a wallet that replaces all cards in your wallet and thus, protect the identity. Wocket will work at all credit card acceptance points and will proceed payment only after receiving biometric approval of the holder. Wocket is built to hold all debt, credit, loyalty, membership, insurance, tickets, medical information, coupons, passwords and any other card at one place.

Technicals

NXTD

Source: Barchart

NXT-ID Inc (NASDAQ:NXTD) has found support around $3 for a long time though the highs have been coming lower since November 2013. The major buyers at $3 finally gave way in September 2014 and despite a sharp bounce, have been pressed by the bears since then. The old support has turned into a major resistance now and the price is struggling to get over that level. The entire downtrend is perfectly contained in a channel, which must be broken before any reversal can be considered.

About the Author

Michael joined US Markets Daily in 2009 and is a national news reporter focusing on economic issues, data analysis and the financial health of state and local governments.

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