Thermo Fisher - always liked this companyBought a small 11 share position, because I haven't owned it in many years. Stumbled across the idea from an ARK trading report (or Tweet). Not the best trading discipline, but I plan to hold these for a while, and perhaps build a position.
Didn't consider the options.
TN8 trade ideas
Great Fundamentals, and great long entry in Thermo FisherGreat value here in a hot market:
P/E 30
Forward P/Q 24.4
P/FCF 49.4
Debt/Eq 0.66
Quick Ratio 2.9
Company Information
Market Cap 194B
Income 6.3B
Dividend 0.18%
Employees 75,000
Earnings
EPS this Y 22%
EPS Past 5Y 14%
Sales Q/Q +35.9%
Equity
Insiders Own 0.1%
Insider Transactions -21.9% (Last 3 months)
Institutions Own 91.6%
Institutions added 0.21% (last 3 months)
Section 4 Forms:
Insider transactions were consolidated largely from Mark Stevenson the COO & Mark Casper the Chairman CEO exercising options and selling equity. Dec 4th & December 7th.
Wish they paid out a better dividend than 0.18% but I must admit I am impressed seeing a net margin of 11% which is why I am slapping them with a $525 price target.
TMO - EW analysis - C of flat correction downTMO - It already completed impulse before started this correction cycle. The up move was abc zigzag as the part of flat correction. The C down cycle is in progress. Sell on bounce of 2nd wave correction and expected to go down up to 430.
Give thumbs up if you really like the trade idea/analysis.
$TMO 2+ Month Cup and Handle SetupThermo Fisher forming a cup and handle breakout setup. The stock had a nice early long entry that I have marked on the chart. Tight price action and low volume are the optimal characteristics I look for around my entry points and the early entry setup exhibited just that allowing for a low risk long entry. I will be looking for similar characteristics while the handle is forming.
Thermo Fisher Scientific (TMO)- MANUFACTURES MASS SPECTROMETRY, LIQUID AND GAS CHROMATOGRAPHY, AND OPTICAL SPECTROSCOPY INSTRUMENTS
Bull Call Spread Entry StrategyThis strategy uses the Spread Entry Overlay indicator I designed to show entry points designed to be optimized for an Option Bull
Call Spread.
All of the user settings from the overlay are pulled into this for customization purposes. I will not go into detail of the indicator itself, but have shared the link in the "Related Ideas," in case the overall setup of the indicator is needed.
As for this strategy...
The defaults for the strategy itself are as follows:
Period for strategy: 1/1/18 to 12/1/2021. This can be changed to a different period using the settings.
Condition for entry:
Bull Spread Entry Strength >= "Overlay Signal Strength Level"
Limit entry is used, price must be <= close when signaled
Entry occurs by next day or the order is cancelled
Condition for exit (timed):
Bars passed since order entry >= 30 (6 weeks..~42 calendar days)
Thursday (day before "option" expiration date... assuming weekly options exist)
The link
7 day scare windowThe vaccine stocks didn't explode this week as some of us holding the stocks were hoping for. Either the news was priced in for some stocks, or (as I believe is the case for TMO), it needs another catalyst to really jump back into its bullish channel (green channel -- which has a possible target of 530 - 560!)
I have updated the cycles for TMO and think it sits a bit better in the updated cycle analysis. TMO is in a tight wedge at the moment, but today or tomorrow should give some indication which side it will break towards.
7 Days Risky Window
I hate to say it, but I am seeing this window with a number of stocks since over a month. Seeing now that indexes are over-extended and are just hanging on the stimulus news, I see a potential for a dip over the coming 7 days. The red arrows track this risk. This is only for the near term, as I see TMO bouncing off the 100MA and moving back up as vaccine news and earnings reports near towards January.
Good luck!
TMO - Bullish Price ActionTMO has broken through the 8, 13, and 21 daily exponential moving averages in the past few trading sessions. As a leader in laboratory diagnostics and life science sales distribution, it would seem reasonable that the stock may try to push higher as the coronavirus cases continue to grow. Now that the stock has pushed passed the 21 day EMA, there are no foreseeable areas of resistance for the stock and could make its way back up to recent highs nearing $530 per share. I would anticipate a slight pullback towards the 21 day EMA as stock rarely blast higher without some consolidation, but I would say that I am overall bullish on this stock until we reach previous highs.
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TMO to 560 by end of 2020?TMO has moved into slightly shorter cycle in November, which is not usually the ideal set up I like. But, this is a solid company and shows no reason to break down.
Based on the shorter cycle, I expect double-bottom to be formed roughly between December 1-4. Watch for the W.
TMO bounced off the 100MA and has formed a bullish sign with a dragonfly doji on Nov 27 trading session. This suggests it would likely run up to test 460, before a minor pullback possibly, and then bounce again off the 100 MA to jump back into it's trading channel.
Green trend channel: This has been TMO's trading channel since March 2020 until Nov 2020. Why has the stock taken this upward channel since March 2020? Look into their earrings reports over the last two quarters and the significant positive surprise in their EPS . Moreover, TMO is a major part of the COVID-19 support infrastructure, providing testing, partnering with leading vaccine pharmaceuticals (including Pfizer).
Purple trend channel: The stock has traded in this channel since Nov 2016 - 10 March 2020. You notice a big green candle on 6 July as TMO bounces into the green channel and doesn't test back into the purple channel ever since. I don't believe, since the context and the importance of the company in the treatment and testing of covid that TMO will re-test the purple channel anytime soon (if ever).
Entry: Taken a small position on Nov 27 @ 446. Will increase position once cycle prediction is confirmed by Dec 1-4.
Target: 560 by 31 December 2020
Good Lick!
TMO - ThermoFisherScientific - Setting up a GartleyTMO has confirmed a low for the A pivot of a potential Bearish Gartley with a bullish engulfing daily candle on Wednesday. Look for a small pullback for ideal entry long. Long target on this move would be a 382 to 50 retrace of the down move. Take profits in that area and then wait for the pullback for the C pivot build. Once the C pivot has been confirmed, a nice swing long will be in play for a 786 retrace. That said, consider taking profit at the 113 fib of the A-B measurement as there is often pullback from that 113 to the 100 or 886 before the next leg (essentially forming an ABCD up)
TMO - Double Bottom or Head and ShouldersNYSE:TMO
Thermo FIsher has had a good run. Recent days have seen it drop hard and fast. Technically speaking this has formed a tight double bottom pattern. Or one could argue a head and shoulders pattern with a small left shoulder. Either way tomorrow's price action should dictate if its removed from the the StockConquer list. Indicators point to oversold areas and price action is at the bottom half of the Bollinger bands. However that deep wide cliff warrants watching tomorrow for price action to turn against any trade.