TMO - Thermo Fisher - Daily Technical Setup
TMO
ENTRY = 450 - 455
Cost Avg Down = 420
1st Target = 485
2nd Target = 513
Hodl Target = New Highs
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The PEAD projected a Neutral outlook for $TMO after a Negative Under reaction following its earnings release placing the stock in drift D
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💡 TMO technically based idea, we can see price is bounce from bottom trend line, technically indicators showing we can expect higher...
The PEAD projected a bullish outlook for $TMO after a positive under reaction following its earnings release placing the stock in drift A
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Bought a small 11 share position, because I haven't owned it in many years. Stumbled across the idea from an ARK trading report (or Tweet). Not the best trading discipline, but I plan to hold these for a while, and perhaps build a position.
Didn't consider the options.
Great value here in a hot market:
P/E 30
Forward P/Q 24.4
P/FCF 49.4
Debt/Eq 0.66
Quick Ratio 2.9
Company Information
Market Cap 194B
Income 6.3B
Dividend 0.18%
Employees 75,000
Earnings
EPS this Y 22%
EPS Past 5Y 14%
Sales Q/Q +35.9%
Equity
Insiders Own 0.1%
Insider Transactions -21.9% (Last 3 months)
Institutions Own 91.6%
...
I never traded this before but NYSE:TMO is picked by my algo scanner. It's a buy around 438 area more likely consolidate there then start moving up. The first target could be 493 and the second could be 525 with the stop loss around 412. Good PL ratio, IMO.
TMO - It already completed impulse before started this correction cycle. The up move was abc zigzag as the part of flat correction. The C down cycle is in progress. Sell on bounce of 2nd wave correction and expected to go down up to 430.
Give thumbs up if you really like the trade idea/analysis.
Thermo Fisher forming a cup and handle breakout setup. The stock had a nice early long entry that I have marked on the chart. Tight price action and low volume are the optimal characteristics I look for around my entry points and the early entry setup exhibited just that allowing for a low risk long entry. I will be looking for similar characteristics while the...
entry: 475
stop: 2.86% below
target: 5.91%
reasons: 1. 50MA support. 2. MCD cross. 3. high volume & tight price action 4. TMO is a leader in it's area.
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