VantageMarkets

SGFY: Sell the rumour, buy the news!

Short
NYSE:SGFY   Signify Health, Inc
Signify Health

Short Term - We look to Sell at 29.83 (stop at 33.46)

There is market rumour that Amazon, United Health and CVS are interested in buying this company. This led to a surge in the stock in premarket. We are trading at overbought extremes. A lower correction is expected. Bespoke resistance is located at 30.00. Selling spikes offers good risk/reward.

Our profit targets will be 20.04 and 18.00

Resistance: 30.00 / 34.00 / 40 .00
Support: 20.00 / 16.00 / 12.00

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