CVRX has shown tremendous strength this month. It reclaimed all of its moving averages in two days and has managed to hold above the 10-day EMA ever since.
This short-term moving average is what I want to see supporting the stock on a strong move up.
Shares pulled slightly back this week and kissed the support/resistance level at 13.00.
Traders may consider...
Purchased shares and waiting for the numbers to be announced after the market close. I'm hopeful for momentum to push this up for a breakout.
The depth of the bowl is $14, which would be added to the price at the exit after the handle formation. Potential for a $14 upside.