$QDEL pushed back into the PEAD cone projected by the EPS Momentum after trading below the lower line for a while and is showing strength hitting the projected median line.
On 8/27 Abott announced it's 5 minute test Result Kit for Covid. Plummeting the stock. Since then QDEl has continued development and received Govt
funding for large orders, technicals looking good combined with Insider Buys QDEL should see the stock bounce back to at least 08/27 lows, R3. With Hedge funds piling in this could be a great entry point for longs, and...
Down +30% on no company specific news today. "While there is no stock-specific news for Quidel today, the company's stock might be hurt by news that Abbott Laboratories (ABT) has received an Emergency Use Authorization from the U.S. Food and Drug Administration for a COVID-19 portable antigen test that will deliver results within 15 minutes. The test, BinaxNOW...
$QDEL did a new high, RSI did too. Volume is far above the average.
12 months Consensus Price Target: $117
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Hey my friends, QUIDEL CORP is in an equilibrium zone, it wants to retreat on the trend line and then start rising again may be breakout in its zone to regain a new one.
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Increased demand for testing for COVID19 as cases begin to increase.
Breaking out from 10-day consolidation after a breakout from 1 month consolidation. ADX accelerating to 30. OBV indicating buying pressure.
Trade development on the COVID-19 rapid test manufacturer rapidly moving towards new high. Definitely looking like a range expansion with bullish candlestick patterns.
POSITION TRADING - COIL
Duration with price retracing to 38.2%. Duration in this set-up usually lasts 4-6 weeks with prior ADX >30, indicating momentum. Set-up works best on assets with accelerating growth of higher than 10-15%. Position Trading requires a longer holding period (weeks to months) which risks exposure to Black Swan events which are more common in...
Contextual immersion trading strategy idea.
Quidel Corporation has a strong upward trend.
This and other conditions can cause a rise in the share price in the next days.
So, I suppose the $QDEL price will be rising in the next days. So I opened a long position from $88,24;
stop-loss — $83,2.
Information about take-profits will be later.
Do not view this idea...
QDEL: Quidel Corporation
2018-08-30 18:40:00
Quidel Receives FDA Clearance, CLIA Waiver for Its Point-of-Care Sofia® 2 Lyme Fluorescent Immunoassay for Use with Sofia® 2 Instrument from Finger-Stick Whole Blood Specimens
