Notes:
* Solid earnings in the recent quarters
* Strong up trend in the long term
* Broke out of a base on base pattern
* Initially created a base of ~9 months, broke out and created a smaller base of ~4 week and is now breaking out again
* The ~9 month base was just above historical highs of $73.19 setting it as support
* Making new all-time-highs
* For the past 3 weeks it has been testing $87.55 as a new level of support with the volume drying up indicating that buyers and sellers are agreeing on this price
Technicals:
* Sector: Healthcare - Medical Distribution
* Relative Strength vs. Sector: 2.11
* Relative Strength vs. SP500: 5.05
* U/D Ratio: 1.79
* Base Depth: ~19.68%
* Distance from breakout buy point: 2.25%
* Volume 1.04% above its 15 day avg.
Trade Idea:
* You can look to enter now as the price is still pretty close to the broken level of $87.55
* Manage risk under $87.55
* If you're looking for a better entry you can look to buy around $88.72.
* Solid earnings in the recent quarters
* Strong up trend in the long term
* Broke out of a base on base pattern
* Initially created a base of ~9 months, broke out and created a smaller base of ~4 week and is now breaking out again
* The ~9 month base was just above historical highs of $73.19 setting it as support
* Making new all-time-highs
* For the past 3 weeks it has been testing $87.55 as a new level of support with the volume drying up indicating that buyers and sellers are agreeing on this price
Technicals:
* Sector: Healthcare - Medical Distribution
* Relative Strength vs. Sector: 2.11
* Relative Strength vs. SP500: 5.05
* U/D Ratio: 1.79
* Base Depth: ~19.68%
* Distance from breakout buy point: 2.25%
* Volume 1.04% above its 15 day avg.
Trade Idea:
* You can look to enter now as the price is still pretty close to the broken level of $87.55
* Manage risk under $87.55
* If you're looking for a better entry you can look to buy around $88.72.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.