Butterfly Network (BFLY): Handheld Ultrasound Gains Traction

Butterfly Network, Inc. (BFLY) is revolutionizing medical imaging with its portable, handheld ultrasound technology. Its flagship product, the Butterfly iQ, replaces traditional bulky ultrasound machines with a device that connects to a smartphone or tablet. This innovation makes imaging more accessible and affordable for healthcare providers worldwide. Growth is fueled by increasing adoption in hospitals, clinics, and remote healthcare settings.

On the stock chart, BFLY recently showed a confirmation bar with rising volume, moving into the momentum zone. This signals strong investor interest and the potential for continued upside. A trailing stop can be set using Fibonacci levels to help traders manage risk while staying in the trade.