After consolidating in the 260s this one is ready for the next leg down! 250 is a conservative number but I believe it will end up in the 230 area.
In my analysis, I use three layers: fundamental sentiment technical Fundamentally, the company is doing well: revenue and net profit are growing. Sentiment: Most analysts are leaning towards the stock rising to $283. Technical analysis: the price is at the lower border of the Bollinger Bands. She spent several days in consolidation. This is indicated by the...
* Excellent earnings * Very strong up trend * Very high 3-month relative strength in the Healthcare sector * Pocket pivot occurred on the right side of the basing pattern with high volume * Steady increase in price shows tonnes of institutional demand Trade Idea: * Now's the perfect time to get in as recent volume is indicating institutional interest * The...
* Exceptional earnings year over year * Very strong up trend * Breaking out of a 4 month consolidation period with 63.09% more volume than average * Pays out dividends with a Payout ratio of 44.50% which means that the company has a lot of room to grow further and possibly increase dividends as well! * Probable ROI is 12.98% if the trade goes in our favor Trade...
We discussed the healthcare including the medical device sector last week (see attached post). SYK was one of the names and today it is making a second attempt to break above the consolidation range. Might be worth a swing long to +$290. Last: $271.53 Stop: $263.30 Note, sector strength can also be seen in Medtronic Plc (MDT).
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Bullish Pennant formed on a 1-year bull run. Great risk-reward ratio and target set at a potential formation of a 3-year resistance line. - Target Entry $251.97 - Target Stop Loss $246.26 - Target Exit $280.85 About me - Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be...
The PEAD projected a Neutral outlook for $SYK after a Positive over reaction following its earnings release placing the stock in drift B If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
but look for a test of the bottom trendline, looks like its hitting resistance after the big gap up. either wait for a confirmation of more 52w highs or get in on a dip :) gl !
It seems that the hammer with the little stick may be a still valid temporary bottom.
uptrend closeup 203.00 1 target 208.00 2 target 225.00 3 target 260.00 4 target 288.00
Could wait for confirmation, but I prefer to buy at support (bottom of pennant, so I can set a tight stop) and sell if there's major resistance at top of pennant, but I'm expecting a breakout to upside.
We are halting above the MA and may test the upper side of the range now.