DXCM was in our watch list from a while, and it seems its started to move now. If it can breaks its resistance around $50.37 it can go as high as $57 area
* Trade Criteria *
Date First Found- November 6, 2017
Pattern/Why- Fallen angel
Entry Target Criteria- Break of $50.37
Exit Target Criteria- $56.43
Stop Loss Criteria- $47.77
Please check back for Trade...
Recently shares of the Dexcom Inc., that are traded on the NASDAQ exchange, probably have made the bottom and started a new uptrend. Dexcom is a medical device company. The company is focused on development of continuous glucose monitoring systems. Let's look at the price movements of this stock (which is traded at $85.13 now) from the technical point of view....
the stock has cleared in one day a 3 months of downtrend. what a great move only from rumers.
I think we should let the stock pull back up to 83 and then look for an entrance when the potencial is up to 93.
very good for long although the market is going sideway or even will go a bit bearish
Good breakout on volume here. Will be looking to day trade this now to see if momentum continues. We should get a pullback to the previous resistance now support at the start of next week, so will look to play this as a swing from 71.10 if it occurs.
