Stock Idea: $SHCR (27 Jan 2023)$SHCR
- Holding above pivot of multi-month base
- Two inside-day bars in a row
- Young stock, IPO-ed 2020
−0.3358USD
−118.707MUSD
442.415MUSD
281.324M
About Sharecare, Inc.
Sector
Industry
CEO
Jeffrey T. Arnold
Website
Headquarters
Atlanta
Employees (FY)
3.485K
Founded
2009
ISIN
US81948W1045
Sharecare, Inc. is a digital healthcare company engaged in unifying elements of individual and community health into one experience. It is designed to help people, providers, employers, health plans, government organizations, and communities optimize individual and population-wide well-being by driving positive behavior change. The company was founded by Jeffrey T. Arnold in 2009 and is headquartered in Atlanta, GA.
Long the Sharecare $SHCRSharecare is setting up for a nice bullish swing.
The facts:
TP1: $5.64: TP2: $6.55; Look to re-enter if resistance (purple line) is breached.
Trading at ~2x 2022E revenue.
Broadening wedge pattern.
Bullish divergence on the daily RSI/MACD.
Fibonacci retracement seems to favor and respect the
$SHCR Aggressive Upside $21, Conservative $16 As earnings approach, expect HV as avg closes in near trend line. 3 weeks ago exited crossover. Trendline consistent w/ Pitchfork setting resistance, pivot and support for upside.
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