The health care sector ($XLV) is looking bullish!Notes:
* It seems like the health care sector is making an inverse head and shoulders pattern.
* A break out from this pattern could mean that health care stocks lead the market and the sector may see new all-time-highs.
* Be on the lookout for trade ideas in this sector as it's showing tonnes of accumulation recently
* You may also look to buy the sector ETF if it makes a daily close above the white trend line with higher than average volume.
Healthcarestocks
7/4/22 SWAVShockWave Medical, Inc. ( NASDAQ:SWAV )
Sector: Health Technology (Medical Specialties)
Market Capitalization: $7.109B
Current Price: $198.62
Breakout price: $200.15
Buy Zone (Top/Bottom Range): $194.30-$180.50
Price Target: $217.20-$221.90 (1st), $246.50-$249.80 (2nd)
Estimated Duration to Target: 38-40d (1st), 83-88d (2nd)
Contract of Interest: $SWAV 8/19/22 195c, $SWAV 10/21/22 195c
Trade price as of publish date: $19.10/contract, $26.50/contract
7/4/22 AMNAMN Healthcare Services Inc. ( NYSE:AMN )
Sector: Commercial Services (Personnel Services)
Market Capitalization: $5.130B
Current Price: $114.73
Breakout price: $115.20
Buy Zone (Top/Bottom Range): $113.95-$108.40
Price Target: $120.90-$123.70
Estimated Duration to Target: 38-40d
Contract of Interest: $AMN 8/19/22 110c
Trade price as of publish date: $10.80/contract
4/24/22 UNHUnitedHealth Group Inc. ( NYSE:UNH )
Sector: Health Services (Managed Health Care)
Market Capitalization: $490.152B
Current Price: $520.94
Breakout price: $536.25
Buy Zone (Top/Bottom Range): $529.50-$507.55
Price Target: $548.50-$553.30 (1st), $611.50-$618.00 (2nd)
Estimated Duration to Target: 29-31d (1st), 97-100d (2nd)
Contract of Interest: $UNH 5/20/22 520c, $UNH 9/16/22
Trade price as of publish date: $18.57/contract, $25.25/contract
NVCR ready to go on an extended run Initial Target by Apr 14 = 99
Target Range by 5/20/2022 = 108-116
Upcoming earnings as a catalyst. Bullish Momentum for pre-earnings run up.
Kept the chart simple but a lot of bullish aspects at play here, to name a few:
- ready for markup coming off an accumulation phase
- completes wave 5 correction apprx. .786 off the highs last June
- if you look at the bigger structure it just completed a running flat beginning Aug 2019
Great Company!
3/20/22 REGNRegeneron Pharmaceuticals, Inc. ( NASDAQ:REGN )
Sector: Health Technology (Pharmaceuticals: Major)
Market Capitalization: $74.451B
Current Price: $685.94
Breakout price: $687.00
Buy Zone (Top/Bottom Range): $660.50-$603.40
Price Target: $812.00-$816.40
Estimated Duration to Target: 125-130d
Contract of Interest: $REGN 9/16/22 700c
Trade price as of publish date: $50.35/contract
3/13/22 LLYEli Lilly and Company ( NYSE:LLY )
Sector: Health Technology (Pharmaceuticals: Major)
Market Capitalization: $253.61B
Current Price: $266.30
Breakout price: $270.95 (hold above)
Buy Zone (Top/Bottom Range): $262.45-$247.10
Price Target: $308.00-$310.40
Estimated Duration to Target: 84-90d
Contract of Interest: $LLY 6/17/22 300c
Trade price as of publish date: $5.90/contract
1/30/22 XLVSPDR Select Sector Fund - Health Care ( AMEX:XLV )
Sector: Miscellaneous (Trusts/Mutual Funds)
Market Capitalization: - B
Current Price: $130.48
Breakout price: $130.70
Buy Zone (Top/Bottom Range): $128.90-$124.90
Price Target: $136.80-$137.80 (1st), $144.50-$146.20 (2nd)
Estimated Duration to Target: 41-43d (1st), 88-91d (2nd)
Contract of Interest: $XLV 2/18/22 130c, $XLV 5/20/22 130c
Trade price as of publish date: $2.75/contract, $4.05/contract
TSOI PUMPIN'!!!I moved another trader profitably out of TSOI on the last run and waited for it to base the Honey Bucket before buying in myself. This stock is a beauty for pump action and I suspect that whoever is moving it, either wanted to take a year end loss and then re-accumulate or bears had it by the short & curlys, dunno. I care less about the fundamentals on stocks like this and tend to trade on pure technicals. Still holding 1/2 my stash after a quick one day 100% and waiting to see if it Fibs out well like last time.
As always, "Not investment advice", DYOR and good luck!
Healthcare is still in a bull market - be longAt the start of 2022, healthcare stocks have gotten killed, especially anything that was a winner in the past 1-2 years. A lot of people are getting rather bearish, but they shouldn't be. The fundamentals favor healthcare still in many ways, and momentum is still rather strong. We already got the breakout in healthcare stocks, and we just got the retest, which was enough to scare a lot of people out. Now is a great entry for a long position, coming out of a short consolidation into a potential new bull phase.
Speculative Grade LongI rarely dabble in health service companies. But, after doing some reading I see a lot of merit in their mission, and this company could easily be worth 10X its current market capitalization if utilized by the Health service industry or acquired by an insurers to cut liability costs. Little can be distilled from available chart data, and comprehending the fundamentals for this sector are beyond my expertise. I am looking at this company as a speculative grade holding to diversify the portfolio a bit into the health service sector.
seekingalpha.com
seraprognostics.com
www.360dx.com
*TA interpretation + personal opinion = not investment advice
BFLY Price Target $20BFLY Current Price $12.20 Price Target $20
I like BFLY here, as it has over $500 million in cash following its merger with Longview, and I like that it is fully expected to be cash-flow positive by 2024.Revenue increased 40.0% to $16.5 million in Q2 2021 from $11.8 million in Q2 2020. The revenue can be traced to both product and subscription revenues. Product revenue increased 30.3% to $13.0 million from $10.0 million last year. That is solid. The company is focused heavily on improving subscriptions, and it is translating to sales. Subscription revenue increased 94.3% to $3.5 million from $1.8 million last year. I see this line of revenue growing sizably in the coming quarters as it becomes a bigger focus of the company. With a half of billion in cash BFLY has significant funds to continue growing their customer base with their innovative cost cutting products. Their Butterfly IQ+ is a handheld ultrasound which is cutting the cost of ultrasounds by over 90%, this opens up the opportunity for the company to expand to developing countries with this amazing cost cutting innovation.