DXCM trade ideas
Looking for upside momentumLooking for this to make another move. Gap over head w/ very typical 200 SMA 50 SMA squeeze while the 50 curls.
ELLIOT WAVE PROJECTION*****TRADE ONLY ACTIVE IF WE BREAK ABOVE 200MA***
DexCom, Inc. is a company that develops, manufactures, and distributes continuous glucose monitoring systems for diabetes management. It operates internationally with headquarters in San Diego, California. Wikipedia
Customer service: 1 (888) 738-3646
Technical support: 1 (844) 607-8398
Stock price: DXCM (NASDAQ) $348.16 +10.76 (+3.19%)
Dec 8, 4:00 PM EST - Disclaimer
CEO: Kevin R. Sayer (Jan 2015–)
Headquarters: San Diego, CA
Revenue: 1.032 billion USD (2018)
Founded: 1999
EPS this Y 175.80%
Forward P/E 103.53 = GOOD TO GO
*trying to learn Elliot wave theory, please be careful*
What chop and sideways action looks likeNASDAQ:DXCM Below you'll find a chart of DXCM, a medical device company that manufactures diabetic devices. Really popular brand and praised for their innovative tech. As you can see, it had a massive up and now its been consolidating for a few weeks as a result of the crazy buying that occurred for months.
While it has found a bottom, its trading in what we call no man's land.
Taking a trade at this exact price is foolish because
1. you don't have a clear target of when it may reach there
2. No momentum
3. Capital is locked in doing nothing for a while
4. Stop loss is quite far down and has a high probability of getting tested
How to play this? sit and wait. Set price alerts for a break of 365 ish, setting a tight stop loss in case this breakout fails with too little volume
Alternatively, selling puts 2-4 weeks out at the 300 or below strike would net you some decent premiums while you wait. Owning shares at $300 wouldnt be too bad since there is an established support level
Alternatively, just wait for price to break 456$ (previous ATH), if it does with decent volume, it will go on another raging bull run for months. In the mean time, set alerts and wait it out
LONG DXCMExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
DexCom deeper correctionLet's see into dxcm to IHI (med tech) story
It can teach us not to believe in hype around diabeties devices
Is still great company to own, i think, it is just matter of price
DIEEEEEEEEWAY OVERBOUGHT FOR MONTHS
finally showing some weakness dipping under 50 MA
cue the limbo music
DXCM : COIL6 WK CONSOLIDATION ON THE BACK +124% PRICE RALLY FROM MARCH BOTTOM. +980% EARNINGS GROWTH ON THE PREVIOUS QUARTER, +44% REVENUE GROWTH, AND POSITIVE EARNINGS REVISION.
Long DXCMIf it break the 20 days MA, then the BB will expanded, which will be an ideal low resistance, so called pivot point to jump in!
DXCM reversal above 50 daysIBD Composite rating: 98
IBD RS rating: 94
4th time I trade this stock in the last 3 months. Was able to make a profit in 2 previous reversals above the 50 day line. Took a loss once on a failed breakout.
Long @ 425.03
$DXCM potential Breakout after good earning $DXCM lookin good uptrend with sharp formed boundary , only need more volume to breakout , the green lines target level's .
DXCM breakoutI've had good success playing this one off 50 days rebounds in the last two months for decent gains. Going long again today in a breakout to new highs.
IBD rating 97
RS rating 96
Long @ 452.50
