AXDX: This is a very interesting stock that I have been watchingfor a while. The owner has been mopping up shares in the open market and the stock has been knocking on the $30 ceiling for a while now. With the FDA granting approval for their machine last quarter, it appears that the company is set to prosper. Last week, it knocked on the $30 ceiling again and looked set to bust through. It was rejected. I can see the stock trading sideways for another few weeks at wave 4 before busting through. The inverted HnS pattern has a target of $54. I am long Feb 2018 $30 calls.
AXDX trade ideas
AXDX- Possible Buy?? Insider TradingThings going on with AXDX:
*History of Jack W. Schuler (Director) is very unique and understands this business.
Insider bought in 5 days: over 450,000 shares
I my opinion, $19-$20 will be great buy area
When to consider buying:
1) Any time with Call options
2) Good time with earning scheduled for 11/8
3) After 1st green day, on chart
4) When price action breaks noted GREEN trend line
*Now price is at a major support area on daily, making a TRIPLE bottom formation.
Accelerate Diagnostics, Inc., an in vitro diagnostics company, provides solutions for the diagnosis of serious infections in the United States. It offers Accelerate Pheno system, an in vitro diagnostic platform for the identification and antibiotic susceptibility testing of pathogens associated with serious or health care-associated infections, including gram-positive and gram-negative organisms, as well as yeast. The company was formerly known as Accelr8 Technology Corporation and changed its name to Accelerate Diagnostics, Inc. in December 2012. Accelerate Diagnostics, Inc. was founded in 1982 and is headquartered in Tucson, Arizona.
AXDX- Interesting Aug & Oct Buy TradingIf you have any free time, look at daily charts and Finviz.com <my favorite free stock website. Look at on lower right side top insider trading. Yes, look a little deeper and see what this person has did in past & what happens on chart soon after ( especially when you are talking a large amount of shares/value).
When I looked at Director of AXDX, Jack W. Schuler history of buying & selling of this stock. He is only a buyer, zero selling since his employment started. This tells me he is a big time bull for future of this stock.
He has did 5 buy transactions this year so far. If you are not against Medical Laboratories & Research area investing, this could be a buy at this time. Like always, use your own research and decide if this would be a winner. In my opinion $24-$25 looks like a good target for end of year. Good luck !!!