ARKG broke out of the parallel channel with strong volume (over 110% tan average 10-day volume).
When there is a break-out, the 5sma tends to be a good rule of thumb to follow the short-term trend; and not lose to much if there is a failed breakout.
RSI shows we are still not overbought at 67; but with strong buying.
Using the bottom level of the parallel...
BioNano Genomics, Inc. is a life sciences instrumentation company, which focuses on genome analysis space.
Net Income $-29,820,000.00
Market Cap $69.23 million
Annual Sales $10.13 million
BNGO exceeded EARNINGS ESTIMATES in Q1 and on 7/17/2020 Maxim Group Reiterated the Rating to Buy and a target of $2.00 per share.
If you are interested to test some amazing buy...
ILMN is one of the highest conviction picks by ARKK investments (ARKK). They invest in disruptive technology that could potentially change the world.
Another pick Invitae(NVTA) has a similar pattern and broke out recently.
Level exhaustion at the $372 level and a potential accumulation zone. A daily close above 372 would be bullish.
An overall bullish sentiment...
The deep freeze has taken over small cap land. It has been a long time since small caps were out of vogue but the time has come. As the great rotation of capital shifts from high risk stocks to low risk, high dividend payers, many think the end has come for any investments in small caps. I am here to say that is not true. Over the past year, you could have closed...