This price move could indicate a change in the trend, and may be a buy signal for investors. I found 46 similar cases, and 42 were successful. Based on this data, the odds of success are 90%.
A recent survey of analysts by FactSet revealed that we're in an "earnings recession" right now and that it's expected to get worse in the next quarter. Certain sectors have been particularly hard hit, namely mining and semiconductors. The sectors that are expected to report the best earnings this quarter are healthcare, utilities, real estate, and gold. These are...
Buying at ~53.37. taking profits at red line. my fair value for this etf is $62 per share.
Buy below green. Sell at orange. Short above red.
Clear downtrend... Expecting little bounce before continuing down.
CURE is at the bottom of the longer term trend and we have an opportunity to place a trade for continuation of the trend. Entry (Stop Limit Buy): Stop $44.77 @ Limit $44.87 (10 cents above previous high) Stop Loss: $43.18 (10 cents under the previous low) Profit Target: $49.93 (3x risk)
Messy chart. Some potential buy targets through confluence support shown.
CURE should fill the GAP at 34.96$. Probably should put profit target above 35$ to counter the psychological level. AMEX:CURE
100 shares should be the maximum allocation in your portfolio on a $100,000 of capital. Once price exceeds $150, trailing stop should rise to $135 minimum. I do not actually use stops when trading equities (only in FX). If price closes below my acceptable point of risk I exit my position before market closes. Update 4/16: Closed all at 154. It smells funny....
This chart is affected by all news for sure around the shut down, it is a stock to be trade various times and can give some oportunities. ( I'm neutral for it, even if the technical indicators say it is a bearish signal, i would recommend to play it with the news ) good luck guys.