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jaxdog
Mar 1, 2021 5:24 PM

$INMD Flat Base Breakout to New ATH's? Long

InMode Ltd.NASDAQ

Description

I missed this trade back on Feb 2 when it broke-out from another consolidation area. I just opened a starter position (you can see my entry and stop on the chart). I'm a tad early on this but my risk is well defined and while I have a stop price named, if this does not hold-up today I'll exit the trade. I do think this is good for another $10 run... All TBD. Ideas not investing / trading advice.

INMD missed the earnings whisper number but beat consensus estimates.

Inmode (INMD) reported 4th Quarter December 2020 earnings of $0.92 per share on revenue of $75.2 million. The consensus earnings estimate was $0.62 per share. The Earnings Whisper number was $0.93 per share. Revenue grew 60.0% on a year-over-year basis.

The company said it expects 2021 non-GAAP earnings of $2.34 to $2.45 per share on revenue of $250.0 million to $260.0 million. The current consensus earnings estimate is $2.19 per share on revenue of $251.2 million for the year ending December 31, 2021.

Trade closed: stop reached

3/4/21 Stop reached. Sorry for the late post.
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