PGNY at 50%

PGNY is a stock that I have been in for over a year. It is a rare case where I have a fundamental bias (rather than technical to start) as a friend clued me into it June 2020. The fundamental case for this company is that they offer fertility services and their "moat" is that already have many deals with Fortune 500 companies that offer fertility packages in compensation to workers to delay parenthood in favor of careers. With the research showing that the trend is continuing that women are delaying family in favor of career I believe this company is a strong hold for the coming decade.

It is now providing a technical setup with a short term risk defined entry. I have been waiting for such an opportunity after watching the last year's run.

Comment:

The stock had a bad earnings drop but that brought it to the long term support level. In the days that followed there was even a volatility spike to the level proper that can define optimum short term risk.