Allied Healthcare Products, Inc. manufactures and markets respiratory products for use in the health care industry in a range of hospitals and alternate site settings worldwide. The company offers respiratory care/anesthesia products, including air compressors, calibration equipment, humidifiers, croup tents, and equipment dryers, as well as respiratory disposable...
This ticker looks to be expanding its name with recent acquisitions, but the real reason for the trade is technical in nature, with clear momentum to the upside, horizontal resistance levels being turned to support, bullish divergence on the longer time frame, technicals are setup to look for a return to previous levels off the backs of a strong Bulldiv rally from...
This is a daily chart of Veeva Systems (VEEV), a healthcare technology company that provides cloud solutions for the global life sciences industry. When the company reported its earnings on August 31st the stock price subsequently gapped down, as shown in the chart above. From a probability standpoint, this gap is likely to be filled for the reasons below. 1....
The technical figure Triangle can be found in the daily chart in the German company F. Hoffmann-La Roche AG (ROG.vx). Roche is a Swiss multinational healthcare company that operates worldwide under two divisions: Pharmaceuticals and Diagnostics. Its holding company, Roche Holding AG, has shares listed on the SIX Swiss Exchange. Roche is the fifth largest...
The health care industry is being leading the charge, NASDAQ:AMLX is the proof of that. This recent IPO just broke out of a good looking cup & handle pattern. Also, IBD is giving a 99 relative strength rating. So, I enter today with a small position. A "pilot position", as Mark Minervini would say. The market is still under pressure so I'm testing it. As this...
Malaysia Health Care index which comprised mostly from Gloves / Pharmaceutical stocks may “found” its “bottom” as price near its major weekly demand Zone.
Pharma. As Malaysia Health Care Index which comprised mostly Pharmaceutical and Gloves stocks most likely found its “bottom”. While Malaysia Health Care Index found its bottom but not its KLCI index any reasons why?...
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Perrigo is in the Medical-Generic Drugs Group, they develop, manufactures, markets, and distributes private label self-care products, including cough, cold, and allergy products, analgesics, gastrointestinal products, smoking cessation products, infant formula and food products. IBD gives it a #1 rank in its industry. PRGO made its major low in May while XLV...
$VEEV - everything goes according to plan. We crossed the 200SMA, we might retest back there. There's a huge supply zone around $227-$240 where the stock is struggling today. I own shares and sold covered calls for August 19, 240 strike.
908 Devices Inc is in the Medical-Research Eqp/Svc Group. It develops analytical devices for chemical and biomoecular solutions. The price made a shortfall within the channel that has been forming since January. This shortfall may signal a breakout in the right direction. I would buy it with a target sell at its next resistance level which is at $29, that's a...
The technical figure Falling Wedge can be found in the daily chart in the US company 3M Company (MMM). The 3M Company is an American multinational conglomerate corporation operating in the fields of industry, worker safety, U.S. health care, and consumer goods. The company produces over 60,000 products under several brands, including adhesives, abrasives,...
VEEV looks good. Above 10,20,50 and 100 MA. 200SMA standing in the way around $234. Nice uptrend for now. Stock is strong.
Notes: * It seems like the health care sector is making an inverse head and shoulders pattern. * A break out from this pattern could mean that health care stocks lead the market and the sector may see new all-time-highs. * Be on the lookout for trade ideas in this sector as it's showing tonnes of accumulation recently * You may also look to buy the sector ETF if...
Good volume push from lows and then sideways action on low volume, looks really good for a breakout above 154 JUL 22 155C can work
Forming an Ascending triangle. I like how 50DMA and top of ascending triangle coinciding at the same place. These type of setups tend to be really powerful when they break. Jul 22 220C can work on breakout.
Fundamentally really good company breaking down trend line in a strong sector. Options chain is pretty trash on it but can be a shares play.
Summary This week we are sharing 2 rebound trade opportunities in healthcare and biotech, AMEX:XLV and AMEX:XBI , which are showing relative strength against S&P500 and Nasdaq , making them better candidates to trade for rebound. Since the beginning of 2022, skyrocketing inflation and increasing recession risk have pushed the broad equity markets to the...