Big data in the healthcare sector $INOVNASDAQ:INOV finally good technicals. Price above its 10, 20, 50 and 200 day MAs, 3 months with good buying volume and breakout from a cup and handle pattern. This are all the kind of technicals I need to see to consider a stock.
Now I went on to check the fundamentals and according to Reuters, NASDAQ:INOV has a Gross Margin of 74.86%, that's pretty good for the industry. Has a nice uptrend in revenue, 56% growth since 2016 and last quarter had a 1.300% EPS growth, that's a big jump.
Also, is rank #1 in the IBD industry ranking with a Relative Strenght Rating of 74. This is the kind of technicals and fundamentals combination I like to see in a stock.
INOV
Inovalon Holding (INOV) up to 30Fundamental Analysis
1. Industry: Engages in the development of cloud-based platforms for the healthcare industry ++
2. Price: Relatively Cheap
3. Upward potential: 40%
4. Risk-Reward Ratio: 1:5
5. 5Y EPS Growth: 50%
Technical Analysis
1. Volume is growing
2. Support of the MA 100
3. Morningstar growth rate: B (92%)
4. Short-term target: 30
5. Long term target: 50
INOV should bounce here $25?!Here is another one that looks pretty clear. Needs to close that gap should head higher. GL
INOVPull Back Trading
Price above the cloud ( bullish )
Above 200MA ( bullish )
Buy $13.85
Take Profit $25.95 and(or) $14.45
Stop Loss $13:15
Thank You
All comments are welcome
INOV - Fallen angel formation Long from $11.07 to $13 & higher INOV had big decline & now seems getting some strength. It crossed above EMA lines & EMA lines had a positive crossover. Moreover it had big insider buying recently. Overall looks descent long.
Trade Criteria
Entry Target Criteria- Break of $11.07,
Exit Target Criteria- $13 & higher
Stop Loss Criteria- $$9.83
Option - $10 Apr-17 Calls , $10 Jul-17 Calls
You can check detailed analysis on INOV in the trading room/ Executive summary link here-
www.youtube.com
Time Span- 1:50"
Trade Status: Pending
(Note: Trade update is delayed here. To get updated & get new Trade Ideas - Please subscribe to our Newsletter at: acornwealthcorp.com/gold)
