Veracyte Stock (VCYT) on the Rise, Just Hit 52-Week Highs Mark

NASDAQ:VCYT   Veracyte, Inc.
From a Technical Analysis point of view, our (Mstardom Finance) proprietary trading strategy told us that the moving average accumulated over a month’s time for VCYT is $11.54. So, we should buy the stock when it falls below $11.54 preferably when it falls anywhere between $8.85 and 11.54.

On the other hand, our proprietary trading tool told us that we should sell the stock when it gets close to the $14.32 level or above. Don’t be greedy, though. Traders don’t have to wait until the price hits the $14.32 target before taking profits. Traders can take profit at any price point that is close.

In fact, anywhere between $14.32 and $17.00 is a good take-profit point for VCYT because if Traders don't take profit along this range, They run the risk of losing out on a profit-taking opportunity and run the risk of having the stock fall back down toward its moving average. A stock will always revert back to its moving average or mean within a certain time. This is called mean reversion; look it up. It is a very important concept in institutional trading.

I will be releasing a book on institutional trading in a few months; this book will help the retail trader trade like the professional traders who trade for investment banks, mutual funds, and hedge funds.

Keep in mind that the stock VCYT will continue to rise with a steady moving-average-increase to the upside with the occasional short-term pullback. This stock is a good stock to buy the dips and sell the highs on. At a later date, we will probably write another technical analysis article on this stock. Click here for the full article which include Fundamental Analysis and confirmatory information on why the stock has hit new 52-Week Highs.


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