$70 has finally broken and a 10% move today has forced the very high short interest (36%) to cover their positions.
If the move was missed, it is wise to wait for the previous resistance to be back tested as support, this is healthy and very bullish when complete.
Don't be the last one to the party today.
This is a thriving sector that deserves a portion of any...
Still looking good. Was on sale for a little while since my last post but we knew it would want to test the $60 level one more time. I think this is really close to a break out. Indicators solid and price action encouraging.
$TDOC is showing a comeback and I'm looking to go long again. Broke out over $72 resistance, 50-day EMA crossed over 200-day EMA. I'd watch the MACD and the RSI because they are showing short-term bearish signals. I'd wait a few days to see how the price acts.
Huge short interest of 34%
Sentiment has turned positive on healthcare
Analysts commentary bullish.
Breakout imminent from ascending triangle.
Teladoc Health, Inc. engages in the provision of telehealthcare services using a technology platform via mobile devices, the Internet, video and phone. Its portfolio of services and solutions...
AVERAGE ANALYSTS PRICE TARGET $82
AVERAGE ANALYSTS RECOMMENDATION BUY
SHORT INTEREST 33%
Teladoc Health, Inc. engages in the provision of telehealthcare services using a technology platform via mobile devices, the Internet, video and phone. Its portfolio of services and solutions covers medical subspecialties from non-urgent, episodic...
$TDOC Bull Flag - Unusual Options Activity - Earnings today post close
Bullish options activity today - $1.7M earnings bet on 70.00/75.00 strike March calls. 8k traded vs OI of 1k
Near term target - $76.00
Note: Informational analysis, not investment advice.
Having broken its descending resistance and closing at the fib (1) 66.13 Im looking for TDOC to rally to new highs. First target $81 which in my opinion should happen quickly and then $88+. Fundamentally their niche industry is growing fast and they could easily be a take out target.
NYSE:TDOC found resistance around 61.48. if it clears this resistance, it's got a lot of room to run. Buy above 61.50 with a stop below 59.48.
Please like and comment if you like my ideas. THANK YOU!!!
Please note that this information is not a recommendation to buy or sell. It is to be used for educational purposes only.