MDT - Bull Flag ContinuationThe stock price created a bull flag pattern, more visible on the weekly chart. This is the daily chart which provides a zoomed-in look as the price has consolidated following its flag breakout.
Now that the bullish momentum seems ready to continue I have labeled my three potential price targets I'm aiming at. Note the lack of established volume above the current price. This stock has run potential.
MDT
NeuroMetrix, Inc, Low Float, Lands Deal With GlaxoSmithKlineNew and innovative product. Quell's proven technology is 5x more powerful on average than other over-the-counter pain relief devices. It is discreet and completely wearable to enable pain relief when your patients need it.
Increased quarterly earnings growth.
Low floater
Resistance at at 3.00 range due to the preferred shares being exercisible at 2.83
Target is 2.50. Nice day trade potential. They just had the biggest trading volume in a very long time, by a long shot.
Tandem Diabetes Care Looks Like a Good Daytrade, SwingTrade PlayStock price has not been fully established yet. Lots of uncertainty, meaning lots of opportunity for short term fluctuations. Stock just underwent reverse split. Currently a "low floater", but with real business operations, not just some cheap pump and dump scam from china or some bitcoin stock. Its a real company with real aspirations of survival. Only problem is they have much better established industry peers like Medtronics. They are still considered a player in their respective industry. Keep on watchlist, watch for movement interday, and if opportunity presents, play it.
Reason for watching, low float, recent split, and real company which is a rare thing these days in the stock market it seems like, especially if it has a low float and a real product. No MACD here people, lol. With these risky ones, flat line is a good thing after a big sell off after a reverse split, especially in a bull market. once the sellers are clearly out of the way, that's all you need to know when the stock has a low float, recent reverse split, and healthy trading volume
$MDT positioning for a big breakouthigher time frame is in channel range uptrend looking to breakout strong
mid time frame is showing positive price action- showing higher highs and higher lows along trend line
rising rsi and positive volume pressure-trading above value area showing strong momentum
lower time frame is showing price action showing uptrend with weak correctives moves meaning bulls in control-working way up ascending triangle
trend alignment across the board
MDT - Buy Jul17 77.5 Puts for Swing DownMDT has a fresh down move that was supported at $72.30. The area of support encompasses previous price action the weekly 200sma. Currently, prices have made the first leg of a 2 leg retracement with a 2nd leg in the $77-$78 price level.
The concern with this trade is the bounce off 200sma and previous support may drive prices beyond the $79.50 level of bull/bear battle. In addition, the downside is limited to the previous support.
However, there is still a solid area for a continuation move down and price action if medical continues to weaken as a sector.
Buy Jul17 Puts @ $4.1 and $3.6.
Good Hunting!
MDT - Buy Jun 77.5 Puts @ $4.1MDT broke down with medical stocks at the end of 2016 and has started to pullback. Prices reached support and the 200sma before retracing. Currently, prices have completed 1 leg up and are looking to complete 2nd leg to the 34EMAL.
The downside of this trade may be limited by previous lows and the 200sma, however, there is still enough room to make $$ if prices form a double bottom.
I'm looking to Buy Jun 77.5 Puts between $77.20 and $78.20 which would put prices between $4.1 and $3.6.
First Profit target = $74.20.