IRTC on the weekly chart shows a symmetrical triangle with compression of price into the
apex confluent with the 5 year anchored mean VWAP. I am very familiar with the product line
including often lifesaving technology such as AEDs. The company has had weak earnings reports
but price has managed to so from undervalued to fair value. I will add to my...
I've been watching this name for awhile now. I think it has been held back by a bad market and since it's a medical devise company, COVID & elective surgeries may have played a roll. I'm doing an early entry here with a very tight stop. I like how it has moved above the 30 Week MA and both the 10 Week, 30 Week and 65 Day MA's are all pointing up. I was triggered...
Pupm&Dump trading strategy idea.
$IRTC is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $55,88;
stop-loss — $57,31;
take-profit — $53,02/MOC
Do not view this idea as a recommendation for trading or investing. It is...
Bad news on medicare reimbursemnt. Ouch!
No recommendation.
Event patterns happen in the market, be it related to earnings, analyst downgrades or bad news. Research shows almost half bottom within one week. The security is usually trending down before the actual event (almost like smart money already knows what is coming )o:
Bottoms can be hard to trade and...
The volume is decreasing but that doesn't mean it can't get more!
$IRTC is only 5% away from ATH and has proven to be setup as a holy grail. Ideally I'd like a nice touch from the 20-day to give support to push through ATH levels.
This device maker has fragile business model which may soon become victim of medicare reimbursement changes, reducing is current payment by 50%. 2 billion dollar business suddenly then becomes worth 1 billion by government edict. Most insurers will then base their reimbursement on the changes.
shares. With its relative short history, owners could be excited about reaching an all time high so this insider sale may not mean a thing. Nevertheless, wave 5 is within $5.
