Is $PRCT ready to move higher from here?
Notes:
* Steady up trend in a bear market
* Nice earnings for the past to quarters
* Recent IPO
* Looking to break above its IPO base
* Printed a pocket pivot, indicating institutional buying
* Offering an early entry relative to its 50 day line
* Sitting just above a pivotal level of 43.9 and holding it as support for the past several sessions
* IPO base resistance comes in around 47.7
Technicals:
Sector: Healthcare - Medical Devices
Relative Strength vs. Sector: 15.62
Relative Strength vs. SP500: 4.68
U/D Ratio: 1.1
Base Depth: 182.59%
Distance from breakout buy point: -4.82%
Volume 54.55% above its 15 day avg.
Trade Idea:
* You can enter now as the volume and price are indicating of it moving higher from here.
* If you want to be a bit more safe, you can wait till after earnings
* Steady up trend in a bear market
* Nice earnings for the past to quarters
* Recent IPO
* Looking to break above its IPO base
* Printed a pocket pivot, indicating institutional buying
* Offering an early entry relative to its 50 day line
* Sitting just above a pivotal level of 43.9 and holding it as support for the past several sessions
* IPO base resistance comes in around 47.7
Technicals:
Sector: Healthcare - Medical Devices
Relative Strength vs. Sector: 15.62
Relative Strength vs. SP500: 4.68
U/D Ratio: 1.1
Base Depth: 182.59%
Distance from breakout buy point: -4.82%
Volume 54.55% above its 15 day avg.
Trade Idea:
* You can enter now as the volume and price are indicating of it moving higher from here.
* If you want to be a bit more safe, you can wait till after earnings
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