That is a company which reported just phenomenal earnings.
EPS +400%
revs +100%
will hit 50 in few months.
Technicals:
broke 200 SMA and is in a uptrend for 2 years.
Target is $21 in the short term if it does, if not it'll come back down to the $16-17 area. I see a downtrend continuing in my conjecture, but hey, it's investing. If I was great at this I would've retired by now.
Trade safe!
I'll take it at $11.50. It completed up to the 3.618 and then looks like it stalled. I took the first leg of money down to formulate the downwards pattern (yellow). I've got it hitting somewhere in the $11-12 range before we see a nice little bounce. I think it'll continue the downtrend more likely than not after that though. If you see a buyout, obviously...
Elliot wave counts marked on the chart.
Regression downtrend channel breakout.
Most positive indicator is Weekly MACD turning positive.
JULY/AUG are seasonally bullish.
Added to SP400 list.
June Monthly candle stick is a bullish hammer.
Good Luck!
EXEL seems breaking down from a Triangle formation in short frame & breaking down an upward channel in the long frame. We think if it breaks below $25.93, it will continue its down move to 20 or lower.
To play this we would consider $27 April Puts
* Trade Criteria *
Date First Found- February 27, 2018
Pattern/Why- Upward channel breakdown short
Entry...
There is a nice symmetrical triangle pattern that has formed just in time for earnings. A good indication that a decent move is in store for EXEL depending on the ER.
Green box: gap down here into support we could see some buying off the lower trendline and 100 day SMA, or the 200 day SMA if the price gaps that far. The latter being a much stronger area to...
Consistently performed in FDA approvals for last 2 years.
Last push above 33 sometime this year with accelerating revenues growth... TA roadmap is set.
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NASDAQ:EXEL
