$AXDX Next Target PTs 1.50-2-2.75 and higherAccelerate Diagnostics, Inc., an in vitro diagnostics company, provides solutions for the diagnosis of serious infections in the United States, Europe, and the Middle East. The company 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. It also provides the Accelerate PhenoTest, a test kit for the system, which provides identify and antibiotic susceptibility testing results for patients suspected of bacteremia or fungemia, both life-threatening conditions with high morbidity and mortality risk. The company was formerly known as Accelr8 Technology Corporation and changed its name to Accelerate Diagnostics, Inc. in December 2012. Accelerate Diagnostics, Inc. was incorporated in 1982 and is headquartered in Tucson, Arizona.
AXDX trade ideas
AXDX - Trading near the stronger supportAXDX is currently trading near the support at $5.34 and the stock has been holding weak since 2017. From the overlap indicators, we can see the bearish trend, at the moment, the price is below of 100 and 200 SMA from daily chart and below 20, 50, 100 and 200 SMA from weekly chart. The momentum indicators (RSI) on weekly chart, we can see a breakout from bearish trendline, haven't confirmed it yet.
Points to seek a reversal pattern:
1 - Breakdown of weekly trend line
2 - Reversal patterns of candlesticks
3 - Volume > SMA 20 Volume in positive candlesticks
4 - Price cross SMA 20, 50 in weekly chart
5 - RSI > 50 in weekly chart
DISCLAIMER: trade based on your own decision
Short squeeze mini series#28Tips:
*** SPX'S Index is in a peak/correction mood!!!
***This could turn out to be, not a short
squeeze!! rather a crashing stock !!!
***Or my work could be just wrong !!!
What Is a Short Squeeze?
A short squeeze occurs when a stock or other
asset jumps sharply higher, forcing traders who
had bet that its price would fall, to buy it in
order to forestall even greater losses. Their
scramble to buy only adds to the upward
pressure on the stock's price
NASDAQ:AXDX
KEY TAKEAWAYS
*A short squeeze accelerates a stock's price rise
as short-sellers bail out to cut their losses.
*Contrarian investors try to anticipate a short
squeeze and buy stocks that demonstrate a
strong short interest.
*Both short-sellers and contrarians are making
risky moves. A wise investor has additional
reasons for shorting or buying that stock.
NASDAQ:AXDX
#AXDX $AXDX Bout to squeeze like a lemon!This stock has a short ratio of over 60. Was over 100 recently so I am told, and the fixed range is showing a lot of buying in the last 3 days. There is some support building at this level dating back to April, not much price action below these levels unless you go back far on the monthly chart, which show more significance at this specific level going back decades. This stock is ripe for a squeeze, and w the amount of shorts out there, this could get going pretty quickly. Not financial advice, merely a punting opinion.
AXDX wedge consolidation, EMA/VWAP supportEMA: 5 (orange), 20 (blue), 50 (purple), 200 (dotted)
I am looking for AXDX to breakout of wedge consolidation above the $10 level. The $10 level is the top of the wedge and the VWAP from the February high and should be the final hurdle before a move to the upside. The stock is trading at the VWAP from the April 30th peak and above the VWAP from the March low. Price has found 20 EMA support with 6 consecutive closes above the 20 EMA and I anticipate the upward curling 5 day EMA will begin to push price through remaining resistance.
AXDX CEO continues to buy shares
SCHULER JACK W Director Apr 23 Buy 9.90 81,621 808,048 14,680,244 Apr 27 03:25 PM
SCHULER JACK W Director Apr 22 Buy 9.47 157,688 1,493,305 14,598,623 Apr 24 03:39 PM
SCHULER JACK W Director Apr 21 Buy 9.01 79,650 717,647 14,440,935 Apr 23 03:36 PM
SCHULER JACK W Director Apr 20 Buy 9.40 59,357 557,956 14,361,285 Apr 22 03:17 PM
SCHULER JACK W Director Mar 31 Buy 8.30 120,000 996,000 14,301,928 Apr 02 03:17 PM
SCHULER JACK W Director Mar 30 Buy 8.59 80,000 687,200 14,181,928 Apr 01 05:09 Pm
AXDX fits my profile: Breakout, reversal, support, gap = BUY AXDX price has moved off a double bottom from $14.30 level and broke out from under 3 and 6 month downtrend and separate support line at $16.00 on Dec 12, last month.
Today price is at pivot point of $17.03 using month old uptrend line as support.
Oscillators are also now in position for move higher with stochastic at oversold level turning up.
RSI is using it's own rising trend line with readings at 55 leaving room for next advance.
Long position module to BUY <$17 avg in $16.70-$16.90 with SL near $16.01
Resistance found at $18.40 pivot area followed by first target at $19.75 as bottom of gap zone.
Top of price gap to fill is at $20.60. Plan is to risk 0.70 toward 3.00 and 4.00 reward.
Trade to win...Trend is your friend...Manage the risk...Makes your success.
Dr. RAV
Long AXDX after retest of 50% FiboFice waves down completed from recent highs, hitting 50% fibo of Major LT move.
Nice bounce with IHS pattern on 15min off of lows and strong retrace begun.
Entered long at 17.30, looking to add on dips.
Like the stock as a long term trade also, which helps confidence.
AXDX: Much has happened to AXDX in recent times. It closed above$30 recently, got its machine approved by the FDA and bagged its first US sale. The owner has also mopped up shares in the open market and shares available for shorting are dangerously low for short sellers. A larger term iHnS pattern is ready to break out plus an immediate bull flag as well. The stock has been consolidating at $28 for a week or so but it probably won't stay there for long.