Broke out and retested the trendline so looks like short term bullish momentum. I dont think its going to reach a new high before it goes back down to fill that massive gap, but it should retrace a good amount.
RSI is showing bullish divergence on daily and weekly chart as well
BEAT is above 200 EMA, green EMA clouds, Estimators (linear/polynomial, HMA, Nadaraya-Watson) all showing strong bullish direction. Long-term and short-term wave trend also going up, including McGo Oscillator showing BULLISH signal.
NASDAQ:BEAT
BioTelemetry may be ready to break out. BEAT avoided being sold off recently when the RSI indicated that it was oversold. The stochastic shows momentum picking up, will it be enough to break price out of the range it has been stuck in?
Short Interest Shares Avg. Daily Vol Days to Cover
1/15/2021 2,158,180 ...
Hey guys, BIOTELEMETRY is in a bullish configuration with strong buying volume and a hammer bull candle. On the TIMEFRAME 1 Min we see an aborted attempt by buyers on a sales volume, then its collapse. To go to its last precedent lower to return to its climb. Great likelihood of reaching the next higher and going on part of the shadow.
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EARNINGS ARE THIS AFTERNOON!
Targets are 51.5 55.25 62.5 74.99 and if she gets over 81 then back to the drawing board
The stock is already up significantly today
Beat is not notorious for beating earnings so there is a lot of risk involved if you were to buy this today
The environment just felt right to me but I have not purchased it. Beating around the bush...
You can still find some decent short setups in this crazy bull market. BEAT is forming a possible #headandShoulder top after its Covid19 recovery rally. I say "possible" as BEAT need to close below $40 on daily basis to confirm the top reversal. If the market pulls back (what?), this stock will most likely completes its classical #chartpattern and sets up a...
BEAT is your prototypical aggressive growth stock- Strong future growth potential with good earning and revenue track record ... If you can overlook its debt level.
This beast was tamed for a while after its share price skyrocketed from $25 to almost $80 , but it is ready to unleash its fury again.
But first, I think the pullback is in the store facing key...
Uptrend but losing steam.
Waiting for bigger retracement
Need to see weekly down trend line is broken around 45 price mark.
Potential could drop down to 35 price mark
Waiting for new signs of bullish
It might be of some concern to shareholders to see the BioTelemetry, Inc. (NASDAQ:BEAT) share price down 15% in the last month. But that doesn't undermine the fantastic longer term performance (measured over five years). Indeed, the share price is up a whopping 538% in that time. So it might be that some shareholders are taking profits after good performance. But...
The Zacks Medical Services industry comprises third-party service providers and caregivers appointed by core healthcare companies for economies of scale. The industry includes pharmacy benefit managers, contract research organizations (CRO), mobile and wireless medical technology companies, third-party testing labs, surgical facility providers and healthcare...
if today is another up day, i think BEAT will go up further. It already touched the trend line 3 times and making higher low.
1st target 75
2nd target 81
stop loss 66
