Trading Idea - #ExactSciences
Updated
SELL
ENTRY: 96.50 USD
TARGET: 71.71 USD (26% profit)
STOP: 111.30
Exact Sciences Corporation is a cancer screening and diagnosis company. The company focuses on the early detection and prevention of several forms of cancer.
1.) The price broke within few days through 3 support areas! CAUTION!
2.) The profitability of business activity is a major weakness of the company.
3.) The ratio of "company value to sales" places the company among the world's most expensive companies. Oberbought?
4.) The only positive thing I can say here, is that the share price is starting a mini-consolidation around the 97.50 USD support zone. I am afraid that this will not last for long time...
ENTRY: 96.50 USD
TARGET: 71.71 USD (26% profit)
STOP: 111.30
Exact Sciences Corporation is a cancer screening and diagnosis company. The company focuses on the early detection and prevention of several forms of cancer.
1.) The price broke within few days through 3 support areas! CAUTION!
2.) The profitability of business activity is a major weakness of the company.
3.) The ratio of "company value to sales" places the company among the world's most expensive companies. Oberbought?
4.) The only positive thing I can say here, is that the share price is starting a mini-consolidation around the 97.50 USD support zone. I am afraid that this will not last for long time...
Trade closed: stop reached
Trade closed: stop reached
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