HaseebKhan_90

PGNY showing a pocket pivot setup!

Long
NASDAQ:PGNY   Progyny, Inc.
* Excellent earnings
* Very strong up trend
* Extremely high 3-month relative strength in the Healthcare sector (110..69)
* Pocket pivot occurred on the right side of the basing pattern with extremely high volume
* Pattern shows tonnes of institutional demand
* Maximum probable ROI for this trade would be around 33.75%

Trade Idea:
* Now's the right time to get in as the volume should continue to pick up
* Best part about this trade is that there's barely any overhead resistance
* The fact that the price closed above $62.50 indicates that it should continue going higher from here.
* A breakout from $65.45 could send the price much higher!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.