PODD has performed really well over the last five years. And if they can continue to capture market share with Omnipod, then they should continue upward assuming no hiccups or missteps in R&D.
After its last earnings report in May 2021, stock price dropped about 25% on missed earnings per share. But it’s increase in revenue YoY is definitely promising as long as they can control their costs. https://investor.insulet.com/news-releases/news-release-details/insulet-reports-first-quarter-2021-revenue-increase-27-year-over
*note: this analysis is based on an outlook over the next 12 months*
$300-304 is a key level of resistance, so I would watch that level closely. It’s touched that level twice since the beginning of the year. A strong confirming uptrend would be for PODD to break above $304, maybe to $315, and then retrace and hold the $300-304 level as a new support level. If it can break that resistance and become a support level, we should see a move up to $380 by next year. Also watch the grey support line below the trend. If it comes back down to that grey support line and bounces off, then it could be a good time to add to the position. If it breaks below that support trend line, I would watch it very closely and determine at what point you want to cut your losses.
After its last earnings report in May 2021, stock price dropped about 25% on missed earnings per share. But it’s increase in revenue YoY is definitely promising as long as they can control their costs. https://investor.insulet.com/news-releases/news-release-details/insulet-reports-first-quarter-2021-revenue-increase-27-year-over
*note: this analysis is based on an outlook over the next 12 months*
$300-304 is a key level of resistance, so I would watch that level closely. It’s touched that level twice since the beginning of the year. A strong confirming uptrend would be for PODD to break above $304, maybe to $315, and then retrace and hold the $300-304 level as a new support level. If it can break that resistance and become a support level, we should see a move up to $380 by next year. Also watch the grey support line below the trend. If it comes back down to that grey support line and bounces off, then it could be a good time to add to the position. If it breaks below that support trend line, I would watch it very closely and determine at what point you want to cut your losses.