dorfmanmaster

Breakout on Medical-Devices

Long
AMEX:IHI   iShares U.S. Medical Devices ETF
Technicals
IHI is breaking out of a parallel channel with an RSI (14) = 69.

A measured move to continue to a new channel, would take us to to $322 approximately.
A close below $285 would negate the current up-trend.


News
ABT has come out with a COVID-19 test kit, which reveals the result in 15 minutes; it will cost around $5.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.