$INVA to head higher after pulling back to broken resistance?
* Good earnings in the recent quarters
* Good up trend in the recent 2 years
* High 3-month RS of 34.4 in the Healthcare sector and a RS of 4.0 against the SP500
* UD Ratio of 1.57 meaning it's under accumulation
* Has been holding the earnings gap really well during this time
* Trading well above the 50 day avg volume
Trade Idea:
* You can enter now as this is its second attempt at breaking out.
* If you're looking for a better entry you can look for buying opportunities near the $18.97 area as that should continue to hold as support.
Caution:
* The red lines at $19.84 and $20.54 are from historic highs. We may see resistance around those price levels.
* Good up trend in the recent 2 years
* High 3-month RS of 34.4 in the Healthcare sector and a RS of 4.0 against the SP500
* UD Ratio of 1.57 meaning it's under accumulation
* Has been holding the earnings gap really well during this time
* Trading well above the 50 day avg volume
Trade Idea:
* You can enter now as this is its second attempt at breaking out.
* If you're looking for a better entry you can look for buying opportunities near the $18.97 area as that should continue to hold as support.
Caution:
* The red lines at $19.84 and $20.54 are from historic highs. We may see resistance around those price levels.