We have a nice signal here in $WST, a trend signal lasting until the 2nd week of October at least, as long as prices hold over the $270 mark. A clear beneficiary of the pandemic, $WST has been growing steadily for a long time, and although overvalued, I think we can squeeze some more upside from the stock before a major top forms.
It will be interesting to see how...
West Pharmaceutical Services, manufactures and markets pharmaceuticals, biologics, vaccines and other consumer healthcare products. It has had a nice steady run post covid without too much volatility. Seems to have recovered after a recent pullback. Could be worth a watch.
The west pharmaceutical services shares are up 3.27 per cent to $229.73 over the past six weeks, the share price enter in bull territory.
Prediction price target $238.49.
WST has been off trend for a few days with a small downwards correction (which affected most of the market given all the news downers lately), but this baby is ready to pick it up where it left and get back into main channel and up.
IF YOU ARE LONG ON WST ITS A GOOD IDEA TO PUT A TRAILING STOP LOSS JUST A BIT BELOW THIS LEVEL OR TAKE PROFITS IF YOU WENT LONG AT THE MARCH LOWES OR AT THE PREVIOUS TOP EARLYER THIS YEAR AND YOU ARE STILL IN PROFIT NOW. IT ALSO BREAK OUT THE UPPER TRENDING CHANNEL SHOWN!
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WST Seems very interesting short setup. It is rolling over like inverse fallen angel formation. We think it has good down side potential.
* Trade Criteria *
Date First Found- July 5, 2017
Pattern/Why- Inverse fallen angel formation
Entry Target Criteria- Break of $92.87
Exit Target Criteria- 1st Target $88.68
Stop Loss Criteria- $95.42
Please check back for...
WST seems forming a downward neckline Head & shoulder formation, and it appears to break below the neckline.
On the long term chart it seems forming a larger scale H&S formation. Moreover it has 1.2million (approximately) worth recent insider selling.
We think it will be an interesting short play at the break of $78
We can short $WST without much difficulty here. Short at the open and risk either a new daily high, or use no stop and size the trade based on 0.5-1% exposure, considering a $4.83 risk per share.
Target on chart, but, keep in mind this can evolve into a longer term downtrend here as well due to the valuation the company has up here. It's practically a bubble, once...
![WST: West Pharmaceutical Services Inc [ NYSE: WST ]](https://s3.tradingview.com/b/BgokhnkC_mid.png "West Pharmaceutical Services Inc [ NYSE: WST ]")
