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....
MRNA has rallied 66% from its bottom set in mid june. Technical indicators suggest a strong turnaround. The P/E ratio and Forward P/E ratio remain in the low single digits. I boosted my position when the price crossed above the 50 day EMA. I will take advantage of any pull-back below the 200 day EMA close or low. Overall, this is still a nice entry point if...
BNTX will pop-up on next earnings day. Technicals suggest the stock has been building a bottom the last couple of months. Now is well above the 50 day EMA and it is begining to challenge the 200 day EMA. The P/E ratio and Forward P/E ratio are in the low single digits. I expanded my position when BNTX crossed above the 50 day EMA.
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.
ShockWave Medical, Inc. ( NASDAQ:SWAV ) Sector: Health Technology (Medical Specialties) Market Capitalization: $7.109B Current Price: $198.62 Breakout price: $200.15 Buy Zone (Top/Bottom Range): $194.30-$180.50 Price Target: $217.20-$221.90 (1st), $246.50-$249.80 (2nd) Estimated Duration to Target: 38-40d (1st), 83-88d (2nd) Contract of Interest: $SWAV 8/19/22...
AMN Healthcare Services Inc. ( NYSE:AMN ) Sector: Commercial Services (Personnel Services) Market Capitalization: $5.130B Current Price: $114.73 Breakout price: $115.20 Buy Zone (Top/Bottom Range): $113.95-$108.40 Price Target: $120.90-$123.70 Estimated Duration to Target: 38-40d Contract of Interest: $AMN 8/19/22 110c Trade price as of publish date: $10.80/contract
UnitedHealth Group Inc. ( NYSE:UNH ) Sector: Health Services (Managed Health Care) Market Capitalization: $490.152B Current Price: $520.94 Breakout price: $536.25 Buy Zone (Top/Bottom Range): $529.50-$507.55 Price Target: $548.50-$553.30 (1st), $611.50-$618.00 (2nd) Estimated Duration to Target: 29-31d (1st), 97-100d (2nd) Contract of Interest: $UNH 5/20/22...
Initial Target by Apr 14 = 99 Target Range by 5/20/2022 = 108-116 Upcoming earnings as a catalyst. Bullish Momentum for pre-earnings run up. Kept the chart simple but a lot of bullish aspects at play here, to name a few: - ready for markup coming off an accumulation phase - completes wave 5 correction apprx. .786 off the highs last June - if you look at the...
Regeneron Pharmaceuticals, Inc. ( NASDAQ:REGN ) Sector: Health Technology (Pharmaceuticals: Major) Market Capitalization: $74.451B Current Price: $685.94 Breakout price: $687.00 Buy Zone (Top/Bottom Range): $660.50-$603.40 Price Target: $812.00-$816.40 Estimated Duration to Target: 125-130d Contract of Interest: $REGN 9/16/22 700c Trade price as of publish...
Eli Lilly and Company ( NYSE:LLY ) Sector: Health Technology (Pharmaceuticals: Major) Market Capitalization: $253.61B Current Price: $266.30 Breakout price: $270.95 (hold above) Buy Zone (Top/Bottom Range): $262.45-$247.10 Price Target: $308.00-$310.40 Estimated Duration to Target: 84-90d Contract of Interest: $LLY 6/17/22 300c Trade price as of publish date:...
Downtrend Will Horizontal Price Movement within 1974-2101 can buy when drop near to support level . MYX:HEALTH
MYX:HEALTH Downtrend Will Horizontal Price Movement within 1974-2101 can buy when drop near to support level.
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below support zone & the lower trendline. The target is placed near resistance.
SPDR Select Sector Fund - Health Care ( AMEX:XLV ) Sector: Miscellaneous (Trusts/Mutual Funds) Market Capitalization: - B Current Price: $130.48 Breakout price: $130.70 Buy Zone (Top/Bottom Range): $128.90-$124.90 Price Target: $136.80-$137.80 (1st), $144.50-$146.20 (2nd) Estimated Duration to Target: 41-43d (1st), 88-91d (2nd) Contract of Interest: $XLV...
I moved another trader profitably out of TSOI on the last run and waited for it to base the Honey Bucket before buying in myself. This stock is a beauty for pump action and I suspect that whoever is moving it, either wanted to take a year end loss and then re-accumulate or bears had it by the short & curlys, dunno. I care less about the fundamentals on stocks like...
At the start of 2022, healthcare stocks have gotten killed, especially anything that was a winner in the past 1-2 years. A lot of people are getting rather bearish, but they shouldn't be. The fundamentals favor healthcare still in many ways, and momentum is still rather strong. We already got the breakout in healthcare stocks, and we just got the retest, which was...