MYGN Price broke out from 2 1/2 months of a base formation. A price gap of nearly 10% with very high volume occurred as a result of better-than-expected earnings. Unfortunately, we shouldn't expect the Tight Flag pattern to be powerful, since it is coming out of a base formation pattern, and not a powerful uptrend, but there should be enough upside potential to...
MYGN is another nice Flag formation with beautiful moneyflow accumulation. Anything close to $18 would be a good entry point or break of current label * Trade Criteria * Date First Found- February 19, 2017 Pattern/Why- Flag formation Entry Target Criteria- Near $18 or Break of $18.67 Exit Target Criteria- Momentum Stop Loss Criteria- $16.83 Please check...
As the price is revisiting the US$18.76 resistance, we may expect a short term pullback. However, overall trend can be considered as positive. We may look for opportunity around the US$17-US$18 levels for accumulation. Target: US$21.40-22.40, US$26.15-US$28.58. Support: US$16.47
MYGN took a beating after it's guidance underwhelm last quarter. I do believe that the reaction was overdone. MYGN has healthy revenue streams and growing drug and generics demand. TA confirms a re-entering into trading range of: PT 1: $25.00 for a ~20%+ return. PT 2: $30.00 for a 50% return.
The break should validate a big move, either way
MYGN expected to open at 31.03 for a Retest Gap. To learn this strategy for free go to www.RealLifeTrading.com
There are two possible short entry points. Please see the notes on the chart.
I will take it above 38.50 with stop at 37.20 for swing long possibility based on daily/monthly triangle
Large Tri on Week just about ready for tell, bottom of PF Range, inside LT .23 to 0.5 Fib Range, 100 over 200 &200 wk ma rounding up.
Very nice setup into close and tomorrow long. With #VOLSTOPBUY.
THis one seems poised to go. Keep an eye.
If MYGN breaks out above 34 it should run to 44.