There's been a lot of chatter surrounding St Judes Medical as of late and, to play on that, $KIPS looks primed and ready to reverse trend and head higher. There is a RedChip conference/event this Wed.+Thurs. in which the keynote speaker/presenter will be founder of $KIPS (same person/founder of St Judes as well, wink*) Mr. Villafana.
- Clear line of downward force in place for quite some time now. BUT! This is the first time in which the trendline has been breached, stayed above, confirmed, has long-biased trades above and has RSI confirming the move, all at once. Also, notice the volume as of lately for this security... Has been at or above avg. volume. Not to mention the MA200 just curled up (what?!) and it has just gotten above the MA50 with a Bullish crossover of the MA8 & MA50. AND! The Boll. Bands just curled open with the price trending towards the upper band (left BB's out so the chart wouldn't be a mess).
I'm feeling good about this one. Short-Medium term = 1.00 and Longer-term = 1.40. Significant reward/risk set up with tight money management stops. (Not an RIA. JMHO)
Make Your Own Luck - Happy Trading
- Clear line of downward force in place for quite some time now. BUT! This is the first time in which the trendline has been breached, stayed above, confirmed, has long-biased trades above and has RSI confirming the move, all at once. Also, notice the volume as of lately for this security... Has been at or above avg. volume. Not to mention the MA200 just curled up (what?!) and it has just gotten above the MA50 with a Bullish crossover of the MA8 & MA50. AND! The Boll. Bands just curled open with the price trending towards the upper band (left BB's out so the chart wouldn't be a mess).
I'm feeling good about this one. Short-Medium term = 1.00 and Longer-term = 1.40. Significant reward/risk set up with tight money management stops. (Not an RIA. JMHO)
Make Your Own Luck - Happy Trading