Notes:
* Strong up trend
* Not the best earnings
* Tested historical resistance of $6.17 around mid June
* Broke and retested historical resistance of $7.43 just recently
* Printed a pocket pivot and is still relatively close to its 50 day line
* The Healthcare sector is doing relatively well compared to others
Technicals:
Sector: Healthcare - Biotechnology
Relative Strength vs. Sector: 1.77
Relative Strength vs. SP500: 1.41
U/D Ratio: 1.59
Base Depth: 38.68%
Distance from breakout buy point: -10.42%
Volume 62.59% above its 15 day avg.
Trade Idea:
* You can enter now as the price is still close to its 50 day line and the price is just bouncing off of historical resistance with higher than average volume.
* If you're looking for a better entry you can look for one around the $7.62 area
* This stock usually has local tops when the price closes around 21.31% above its 50 EMA
* Consider selling into strength if the price closes 21.11% to 21.51% (or higher) above its 50 EMA
* The last closing price is 8.25% away from its 50 EMA
* Strong up trend
* Not the best earnings
* Tested historical resistance of $6.17 around mid June
* Broke and retested historical resistance of $7.43 just recently
* Printed a pocket pivot and is still relatively close to its 50 day line
* The Healthcare sector is doing relatively well compared to others
Technicals:
Sector: Healthcare - Biotechnology
Relative Strength vs. Sector: 1.77
Relative Strength vs. SP500: 1.41
U/D Ratio: 1.59
Base Depth: 38.68%
Distance from breakout buy point: -10.42%
Volume 62.59% above its 15 day avg.
Trade Idea:
* You can enter now as the price is still close to its 50 day line and the price is just bouncing off of historical resistance with higher than average volume.
* If you're looking for a better entry you can look for one around the $7.62 area
* This stock usually has local tops when the price closes around 21.31% above its 50 EMA
* Consider selling into strength if the price closes 21.11% to 21.51% (or higher) above its 50 EMA
* The last closing price is 8.25% away from its 50 EMA
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.