IQV: IQVIA Holdings. Inc Breakout, Looking to Reach Past Highs
Trendlines: Been trading within a wedge for the first half of the year and been using a long-term trendline, first realized in November 2016. Looking to break out of the wedge that was created from this year correction.
MACD(12, 26, close, 9): Crossed bullish on the daily this week, and crossed bullish on weekly about two weeks ago. Weekly chart looks very similar to IQV's last break out.
Moving Averages: 200 and 50 showed a death cross back in May, stocks price did not react negativley to this indicator, showing good strength. 50 then crossed back over the 200 and over green candlestick.
Looking to fill back to past highs and possibly extend further if volume and markets permit.
IQV growth will not be hurt by tariffs.
Long at 106 from last month.
MACD(12, 26, close, 9): Crossed bullish on the daily this week, and crossed bullish on weekly about two weeks ago. Weekly chart looks very similar to IQV's last break out.
Moving Averages: 200 and 50 showed a death cross back in May, stocks price did not react negativley to this indicator, showing good strength. 50 then crossed back over the 200 and over green candlestick.
Looking to fill back to past highs and possibly extend further if volume and markets permit.
IQV growth will not be hurt by tariffs.
Long at 106 from last month.
Comment:
Chart still looking incredibly strong, especially on the weekly. Most likely see some healthy consolidation soon. ER tomorrow.
Comment:
Beat earnings est of 1.14 with 1.29 (11.6%). stock up ~5% on earnings.
Comment:
If IQV falls below 119.00, I will consider reducing my exposure. My portfolio is Tech and Healthcare heavy at the moment, wake up call was yesterday.