Up triangle is forming, buy after 2nd bounce, SL close underneath. Great Risk/Reward.
This should be confirmed also by a bounce of the RSI on the 40 zone. MACD still bullish.
DGX is approaching our first resistance at 86.76 (horizontal overlap resistance, 23.6% Fiboancci retracement, 100% Fibonacci extension, elliot wave structure) where a strong drop might occur below this level pushing price down to our major support at 83.28 (horizontal overlap support, 50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance...
Another decent triangle. Only 4 taps this time but today it closed above all of the major moving averages. Could make a run to the top trendline and a possible breakout. Will need more volume.
I think that good time to BUY DGX. Just like AON.
Judging by the indicators, the company does not expect much more, as for example, from AON, but I really do not expect too much from DGX. From the point of view of technical analysis, I like DGX very much. Therefore, I will get it as difersifikatsii portfolio.
P/E 16.61
Forward P/E 15.08
Open 104.20
SL 102.91
TP...
Potential here for this up trending channel to be validated.
MACD showing signs of a turn along with the latest daily bar also displaying strength.
DYOR
Quest Diagnostics Incorporated is a provider of diagnostic information services. The Company operates through two businesses: Diagnostic Information Services and Diagnostic Solutions. The Diagnostic Information Services business develops and delivers diagnostic testing information and services, providing insights that empower and enable a range of customers, including patients, clinicians, hospitals, integrated delivery networks (IDNs), health plans, employers and accountable care organizations (ACOs). Its Diagnostic Solutions group includes its risk assessment services business, which offers solutions for insurers, and its healthcare information technology businesses, which offers solutions for healthcare providers. The Company's services are provided under the Quest Diagnostics brand, but it also provides services under other brands, including AmeriPath, Dermpath Diagnostics, Focus Diagnostics, Athena Diagnostics, ExamOne, Quanum and Care360.
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DGX
