DXCM reversed higher and crossed 50 daysGot a nice profit on this one before yesterday's big drop. Back on it after reversing higher and crossing the 50 days line.
IBD rating of 98.
Long @397.70
DXCM trade ideas
June 22 2020 – Top Stocks To Buy And Watch This WeekJune 22 2020 – Top Stocks To Buy And Watch This Week
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THE DEXCOM OpportunityHey investors, DEXCOM is in the current situation, rejection of sellers the trend line can be broken to look for lows to start rising again.
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DEXCOM - Forward LookingI am very bullish on DexCom mainly because they offer a system for Diabetes patients that is unbeatable right now (and I haven't seen Diabetes rates go down, rather the opposite).
It looks like the MACD is rounding back out for a crossover and the RSI is becoming oversold on the daily chart.
I'll be watching very closely and hopefully start to see a reversal around $250 where I will go long again. As of right now, I will be waiting...
DXCM - Bullish Engulfing at value zone in uptrendI. Analysis
1. Stock in a healthy uptrend - price tested and reject 50MA level - we are hence looking for long opportunities
2. Pinbar formed on the 27th May set the structure and suggested a support level as the one draw. This support level has just been retested and it happened to converge with the 50MA, another relevant level reinforcing our structure - value zone identified
3. Bullish engulfing patter formed on the last session at this zone - we have an entry trigger
II. Trade
1. Go long next candle
2. SL 1 ATR below the draw support level alternatively 1 ATR below 50MA
3. TP next swing high // trail SL to with the 50MA for trend following
Plsd to hear yr comments
Cheers
Ruben
Hot stock! This stock is currently sitting on its 50EMA where it is also a Fibonacci sequence.
it formed a bluish engulfing pattern with 5% increase in price but only 7% percent increase in volume.
Now, this is actionable but I've seen some other traders posting about this stock this weekend,
so it make this stock obvious for many..... do be careful.
$DXCM can fall in the next daysContextual immersion trading strategy idea.
DexCom, Inc., a medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $344,13;
stop-loss — $364,83.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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testing it's 50 EMADXCM continues to cool off, down more than 5% on 6/4 Thursday. This stock is making a key test of support at the 50-day moving average and 10-week moving average. On the minus side, this stock had a shocking volume on 11th of May, but the share price only moved 3.9% and starts dropping since then.
the two support resistance levels are: $340 and $305.
about the company: develops glucose monitoring system.
last Qtr sales growth: +44%
DXCM 5th Wave CorrectionHello,
What is DXCM?
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.
My Thoughts For You
We are definitely in a correction according to this wave count and additionally we have a bearish divergence on the daily time frame. Here is a snap shot of that bearish divergence below.
Good Luck, Cheers!
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DEXCOM Buying Opportunities May Lies Below 360Great Stocks that have been showing good upside momentum is now on pullback. A re-test of its recent swing low (with rejection) may provide a good buying opportunity.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
$DXCM: Likely to revisit $292.5- Weakness since May 11.
- where you are long or short, it would be wise to wait for a retest to $292.5 and see the price action before making any trades.
DXCM... hitting the parallel channel resistances, test of bottoms can be expected.
comment if you need anything else to be explained.
$DXCM Monthly log -- short$DXCM is also beginning to look like it wants to pullback very soon based on the monthly log chart!
Could Dexcom be in trouble this week? Dexcom has been on an insane run, I think it is a great long term stock.
However I am looking at short term, we can see a rising megaphone pattern and inside of it we see a small rising channel that is pristine until the last hour of trading on 5/8. Due to this I am short for this week, I will be looking for a quick gain on puts and get out.
$DXCM: $375 Price Target ShortFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into a few key points. Dexcom very recently faced a 52 week high, had positive quarterly earnings, is on a bullish run, outperformed other stocks in the same sector, continues stable growth and has a strong buy rating. It does have some long potential as well, given it is a 2800+ employee company. However, given its long bullish run, I think there is a small chance it could be tipping off. That being said, for a quick profit target, I suggest a $375 short and a reinvestment in some higher growth (but maybe higher risk) stocks.
