What I see...
+ Prices consolidated within channel, moving sideway range bounded for the past 2 weeks
+ Bullish break-out signal with a gap-up and strong volume on Friday
+ Price is near 52w high
+ Prices stayed strong during Feb. and March period; an indication of a very strong performing stock during the Bear market
- Latest bar showed up upper...
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So without further due. Keep it...
MOH (Biotech stock) has been consolidating tightly at ATH. There is clear R/S in this name despite the recent market weakness. On the 65m chart, MOH cleared the HVN above 172 and looks primed for continuation next week. Went long at the HVN break and above the intraday higher high.
Entry - 172.96
Stop Loss - 165
Target - 200
I will continue to update this...
#MolinaHealthcare has been consolidating since Sep 2018 and hit the very strong resistance. Last weak's volume is below the average so needs more strength.
Next week NYSE:MOH host their investor day on Thursday 30/5 and it comes on the back of good earnings. Sentiment has certainly changed on the stock as we can see from the Volume profile which is a mass of green and increasing slightly on volume, which is very encouraging. The stock is at a critical point stuck between resistance and lower trendline while also...
Molina Healthcare is led by a physician and Molina family members remain in leadership roles at the company.
Today, J. Mario Molina, MD (a son of the founder C. David Molina, MD), who made his start sweeping Molina Medical Clinic floors as a child, now serves as company president and CEO.
I like the stock of this company at 52 because it has been showing good...
