I wonder how often our thoughts are related to locating trading ideas lol
Anyway, CryoLife is a leader in the manufacture, processing and distribution of medical devices and implanted tissues used in cardiovascular surgery.
This week announced the signing of an agreement with Endospan. The agreement grants exclusive distribution rights of NEXUS (transplant...
$CRI Ascending triangle breakout as well as break through 50d ema today.
See chart for possible near and medium term targets. Note earnings approaching later this month.
Note: Informational analysis, not investment advice.
Its getting near a good support zone;
however, its done a major fake out before, so this one is kind of a dangerous play; if you see the chart, it looked like it bounced off support and then tanked; but then again that could have been consolidation to create a bear flag; no bear flag this time;
Wait for the the bounce to make sure that this is actually ready...
CRI broken down from an upward channel & seems it has good down side potential. We are looking for a short here.
* Trade Criteria *
Date First Found- May 16, 2017 (Intraday)
Pattern/Why- Upward channel breakdown, capturing the crash
Entry Target Criteria- Break of $86.97 (Hit May 16, 2017)
Exit Target Criteria- 1st Target $83.97, 2nd Target $78.77
Plan - Limit order @ 15.6 is on for a 10% Profit here.
KEEP your eye sharp on this ONE because is close to earnings day @ 25 April.
NEVER AND NEVER LEAVE YOUR POSITION ON EARNING DAYS!!!
GOOD NEWS AND YOU GO TO CINEMA - BAD NEWS YOU AND YOUR ACCOUNT WILL BE CRYING.
Cryolife broke a downward trend today. It is a strong buy by Yahoo Financial
"Coming to projected sales, the stock holds a growth rate of 25.16% for the current year, compared with the industry’s 6.47%. CryoLife registered positive earnings surprises in the last four quarters, the average being 333.75%.
CryoLife reported stellar third-quarter results, with...
A possible longterm longsignal is possible.
Should u now fix the actual Level or wait for the breakout?
If you are a cyclical Investor, you wait until the breakout appears: stoppbuy >110$ --> SL ~98$ (last low) TP 130$
If you want to trade against the trend, open a shortposition at the actual Level, SL a bit above the last significant high at ~ 11$5 TP 98$
After beatings earnings estimates on 2/25, price action has formed a clear bull flag. Volume is also constant with a bull flag. Wait for a jump up with high volume to confirm trade. Price should move up to at least the previous resistance at all time high around 109-110.
The price of Carter's stock recently soared after reporting strong earnings on 2/25/16. Watch the 100 level. If that previous resistance turns into support, price will likely rise again and retest the 106-110 area. However, if support does not materialize at 100 look for a retest of 88-84.