Exact sciences corp Exact Sciences is a biotech stock that is overpriced.
It's time to sell
We touched 3 times the resistance line of a rising wedge pattern, impulsive wave pattern, and RSI 71 weekly overbought zone, the Q2 doesn't seem good.
A leg down to 60$ retesting 69$ which is the resistance line of a rising wedge dropping below 40$ and based on the Q2 announcement either we drop hard to 25$ zone or we bounce back to 0.886 FIb 146$ zone which is a sign of a bearish bat pattern
please take note that I'm not a financial advisor
EXAS
Long Trade in EXASExact Sciences is a biotech stock showing high relative strength.
Following a 50% jump in January, the stock is tightening with pullbacks getting shallower from left to right.
This is a sign of seller digestion which we often see before a new breakout to the upside.
EXAS is also finding support at key moving averages which appear to be holding up the stock.
I would consider buying on a breakout above $69.
Exact Sciences (NASDAQ: $EXAS) Breakout Off 0.786 Fib! 🎯Exact Sciences Corporation provides cancer screening and diagnostic test products in the United States and internationally. The company offers Cologuard, a non-invasive stool-based DNA screening test to detect DNA and hemoglobin biomarkers associated with colorectal cancer and pre-cancer. It also provides Oncotype DX, a gene expression tests for breast, prostate, and colon cancers; Oncotype Test, a tissue test delivering tumor profiling to aid therapy selection for patients with advanced, metastatic, refractory, or recurrent cancer; Oncotype DX AR-V7 Nucleus Detect Test, a liquid-based test for advanced stage prostate cancer; Oncomap ExTra, that provides a complete biological picture of certain refractory, rare, or aggressive cancers; and Covid-19 testing services. The company's pipeline products focus on enhancing the Cologuard test's performance characteristics and developing blood and other fluid-based tests. It has license agreements with MAYO Foundation for Medical Education and Research; and Hologic, Inc. Exact Sciences Corporation was incorporated in 1995 and is headquartered in Madison, Wisconsin.
EXASExact Sciences Corp. is a molecular diagnostics company specialising in the detection of early stage cancers. The company's initial focus was on the early detection and prevention of colorectal cancer, in 2014 it launched Cologuard, the first stool DNA test for colorectal cancer. Since then Exact Sciences has grown its product portfolio to encompass other screening and precision oncological tests for other types of cancer.
EXAS: Looks like a good growth company (Request: logicalBird1984Strong support at $90. However, down trend line also is strong. Weakening momentum as confirmed by the MACD indicator.
Likely to see the down trendline holding down prices. Will have to see which Demand Zone (green boxes) provides the support. If it doesn't and it breaks below the $90 support, then it might fall to $75-$80. Definitely don't want to see it fall below $70.
Now, if it breaks above the down trendline, then the next test will be the immediate Supply Zone (red box). If it is broken decisively, then the bulls are back in control. We can look to buy at the next retracement, likely around $100-105.
I won't buy at this point because I'm not exactly bullish right now. But please do your own due diligence.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Trading Idea - #ExactSciencesSELL
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...
Eros STX Global Corp 🧙Eros STX Global Corp is a film production and distribution company. It distributes its film content across multiplex chains and stand-alone theatres and broadcasts television content via tie-ups with channels such as ZEE TV and Star TV. The company also has a digital presence through its website; www.erosnow.com and an independent channel on Youtube. Geographically, it has a presence in India, North America, Europe and Rest of the world. The company primary revenue streams are derived from three channels: theatrical, television syndication and digital and ancillary.
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Stocks To Watch This WeekThe Bull Market is strong, but many stocks are extended and sentiment seems to be bullish. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 15 total stocks on this list. I also included 3 stocks with potential short squeeze opportunities. Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance, grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
EXAS Long set up EXAS was very strong and up over 20%. I am looking for it to retrace a bit to buy some.. Looks good if one is looking for something in health care science and research for your portfolio or you could simply swing trade. Please do not buy or sell any financial instrument or any other assets reading this post. This is strictly for education purposes only.
EXAS daily 40% gains(STOCKS)before we kick start the update. your upvotes/subs are appreciated.
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So without further due. Keep it short/simple and to the point.
EXAS daily 40% gains(STOCKS)
Gap fill play + strong seasonality April/May.
40% upside from here.
good luck traders!
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EXAS - Double-Bottom Bullish DivergenceThe stock price broke down from its consolidation in September which dated back to early June. The price has recently bounced off a similar low creating a double-bottom pattern. While this double-bottom was created a bullish divergence formed between the price & RSI indicator.
I would expect the price to continue rising & to eventually test the breakdown level around $106.50.
Swing Trade EXASI'm trying a new strategy,
2 week trade. Sept 27 exp. Cost $1.89
108/103 Put Spread
Profit target is $217.70, Cost to cover is $122.85
2.31% of Capital. Good position.
Only downside is it could bounce as its not a bounce off the trend-line so its more risky in that manner however it could continue lower.
The Exact Sciences Stock Chart Suggests Higher PricesExact Sciences shares are trading firmly above the uptrend line, which suggests that higher prices are likely to continue. This bullish view is further supported by the golden cross that was generated in July 2016.
A golden cross is a bullish indicator that is produced when the faster 50-day moving average (highlighted in blue) crosses above the slower 200-day moving average (highlighted in red). This indicator is popular among investors because it is used to confirm that a bull market is development. This indicator was generated in July 2016, and there are no signs that this indicator will avert any time soon. This is because EXAS stock is currently trading above both moving averages that generated this bullish indicator.
In January 2017, a bullish MACD cross was generated, indicating that the bullish momentum was once again propelling Exact Sciences stock. The path of least resistance is now geared toward higher prices. This indicator effectively confirmed that the consolidation wave had concluded, and served to suggest that a new impulse wave was in development.