MYGN in a Tight Flag Pattern ?MYGN Price broke out from 2 1/2 months of a base formation. A price gap of nearly 10% with very high volume occurred as a result of better-than-expected earnings. Unfortunately, we shouldn't expect the Tight Flag pattern to be powerful, since it is coming out of a base formation pattern, and not a powerful uptrend, but there should be enough upside potential to make some money.
MYGN
MYGN - Flag formation Momentum long from $18 or higher MYGN is another nice Flag formation with beautiful moneyflow accumulation. Anything close to $18 would be a good entry point or break of current label
* Trade Criteria *
Date First Found- February 19, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Near $18 or Break of $18.67
Exit Target Criteria- Momentum
Stop Loss Criteria- $16.83
Please check back for Trade updates. (Note: Trade update is little delayed here.)
MYGN Earnings Oversold PlayMYGN took a beating after it's guidance underwhelm last quarter.
I do believe that the reaction was overdone.
MYGN has healthy revenue streams and growing drug and generics demand.
TA confirms a re-entering into trading range of:
PT 1: $25.00 for a ~20%+ return.
PT 2: $30.00 for a 50% return.