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dorfmanmaster

Breakout on Medical-Devices

Long
iShares U.S. Medical Devices ETF (AMEX:IHI)  
dorfmanmaster  
AMEX:IHI   iShares U.S. Medical Devices ETF
Parallel Channel Trend Analysis Technical Indicators medicaldevices breakout ABT abbott measuredmove
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parallelchannel trendanalysis indicator medicaldevices breakout abt abbott measuredmove
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.

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