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Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
On 2/8/2024, DexCom (DXCM) reported earnings of $0.50 per share on revenue of $1.03 billion for the fourth quarter ended December 2023. The consensus earnings estimate was $0.43 per share on revenue of $1.02 billion.
DXCM had been essentially a range bound stock in the past 3 years, forming what is potentially a long term head & shoulders formation (bearish if break down). However, it looks like the odds of breaking down has diminished with a bullish monthly pin bar now forming after finding support at its 88.6% fib retracement (imperfect double bottom).
The stock is still...
DexCom, Inc. DXCM reported third-quarter 2023 adjusted earnings per share (EPS) of 50 cents, which beat the Zacks Consensus Estimate of 22 cents by 47.1%. The company reported earnings of 28 cents per share in the prior-year quarter.
DXCM registered GAAP net income per share of 29 cents, up from the year-ago quarter’s figure of 24 cents.
Shares of DexCom rose...
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? DexCom (DXCM), which belongs to the Zacks Medical - Instruments industry, could be a great candidate to consider.
This medical device company has an established record of topping earnings estimates,...
When price clears: 125.55
With daily volume greater than: 5.623M
Target: 149 area
Stop: Depending on your risk tolerance; 117.75 gets you 3/1 Risk/Reward.
Resistance: 136.76 area
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade...
Triple Inside weeks here , tight range , looking for a break
above prev days close , 126.71 Long above 127.25 ,
Risk at 126.35 For a possible move into 131! NASDAQ:DXCM
Possible swing into 134 if we break hod!
Company: Dexcom Inc.
Ticker: DXCM
Exchange: NASDAQ
Sector: Health Technology
Introduction:
Our technical analysis today concentrates on Dexcom Inc. (DXCM), a prominent name in the Health Technology sector, listed on the NASDAQ. A potential Cup and Handle pattern, serving as a reversal formation, has been forming on the weekly chart, suggesting a promising...
Price appears to be bound by 2 trendlines is a horizontal trading zone.
Rectangles like many patterns are neutral until broken.
The top line is R and the bottom line is S.
No recommendation/Bearish Harami so far today
Day Range
113.05
115.47
EPS (FWD)
1.04
PE (FWD)
109.94
Div Rate (TTM)
-
Yield (TTM)
-
Short Interest
3.38%
Diabetes company DexCom has consolidated for about four months, and now it could be trying to move again.
The first pattern on today’s chart is the bullish candle on February 10 after earnings beat estimates. It followed a similar rally on October 28, suggesting that investors are pleased with its fundamental performance.
The earnings surge established DXCM...
$DXCM pullback buy potentially triggers tomorrow morning.
Less than 2% stop loss to figure out if you are wrong.
They don't get any mush low risk setups than this.
May continue to consolidate into earnings but if the downward line breaks bullish then go long. Nice targets almost 4:1 risk with the stop below the support zone.
I picked up some $PODD on Friday per my tweet.
Feels like rotation back to medical names might start to give tech a pause after its strong move.
$DXCM appears to be setting in a similar fashion and finding buyers to support it right below its 50 MA.
DexCom appears to be in a Diamond Pattern while showing big MACD Hidden Bearish Divergence on the Weekly Timeframe that could later lead to a Confirmed ABCD/Gartley BAMM Harmonic breakdown upon the breaking the B point which from there likely could take it down to the Pattern Completion Zone of $30.64.
I will be playing this via the currently slightly OTM: FEB...
