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Inspire Medical Systems, Inc.Inspire Medical Systems, Inc.Inspire Medical Systems, Inc.

Inspire Medical Systems, Inc.

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INSP trade ideas

INSP bottom for position trade to $179ishI dowse stocks and my pendulum picked this name from finviz off my ipad on Monday. I'm not at all familiar with it, but I did a reading on it. The suggestion was for it to go down, and it has; actually, a bit further than I expected. The main idea wasn't actually to short it, but to look for a low and invest in it. I don't get these longer term ideas that often, but I've found that when my pendulum chooses stocks there are often longer term moves, or big reversals. And sometimes it's nothing. So this is talking about 13 months possibly to hold it, but if it reaches the target I'd be out and pay attention 13 months from now for some news or something. I expect some more downside in indexes into the middle of August, so I'd scale in. If it closes below about 118 I think I'd just watch for more of a bottoming pattern, but this isn't investment advice.
NYSE:INSPLong
by JenRz
Fall from a Rising WedgeLooks like a bear pennant formed and a further drop occurred. Bear flags and pennants form after an almost straight drop down. They usually slope against the current trend (up) but can be flat. Pennants are more wedge shaped and flags have almost parallel lines. A Bear or a Bull Flag/Pennant is a neutral pattern until they break and a bear flag/pennant can break to the upside and vice versa. You can set approximate targets for a flag/pennant using the length of the drop or what is also called a pole. Flags are longer in duration than a pennant, but if a flag goes on and on and becomes too heavy for the pole, I dismiss it. A structure is trying to form right now marked in white but it is too soon for me to venture an educated guess as to what it is. It could be a flag forming but too soon to tell. The fall from the bearish rising wedge occurred at the top and this particular stock has fallen a long way possibly due to overvaluation. Rising wedges can break to the upside but I have not seen one that did not come back down and break the bottom line which validates the pattern. I am not aware of a way to set targets for a fall from a rising wedge but usually an area of support catches price. Some fall a small amount. Other like this one can crash and burn. There is also a large W pattern in this chart and the 4th leg terminated at the 1.414. No recommendation.
NYSE:INSP
by lauralea
4
Deeply OversoldPrice is below the bands set on an 80 DMA which indicates oversold status. Bollinger Bands are also an oversold/overbought indicator. RSI is also deeply oversold. This company does not have positive EPS but growth must be expected for price to go as high as it did. Possibly the overvaluation caused the fall. No recommendation. 52 Week Range 159.62 330.00 Day Range 211.75 216.07 EPS (FWD) -1.73 PE - Div Rate (TTM) - Yield (TTM) - Short Interest 2.60% Market Cap $6.31B Volume 115,589 Inspire Medical Systems, Inc., a medical technology company, focuses on the development and commercialization of minimally invasive solutions for patients with obstructive sleep apnea (OSA) in the United States and internationally. The company offers Inspire system, a neurostimulation technology that provides a safe and effective treatment for moderate to severe OSA. It also develops a novel, a closed-loop solution that continuously monitors a patient’s breathing and delivers mild hypoglossal nerve stimulation to maintain an open airway. The company was incorporated in 2007 and is headquartered in Golden Valley, Minnesota.
NYSE:INSP
by lauralea
$INSP near completing head & shoulder patternInspire Medical Systems develops innovative and minimally invasive solutions for patients with obstructive sleep apnea. Ranks #10 in the IBD Group Medical-Products Group with a Relative Strength IBD Rating of 93. This is a what leader looks like. Today is forming a daily shark patter with a pivot buy at $278.10. The follow through would be a breakout above $283, which would confirm the head & shhoulders pattern. I like these odds, I will buy those breakouts if volume is behind the moves. The RSI hasn't touch the oversold zone and has showed 3 bullish divergence within this long base. Let's waitn for the breakout!
NYSE:INSPLong
by dpuleo19
Quite a Run so FarPrice has hit the 1.414 (W 1.414) unless price goes past this level) I am not sure this last leg of the W has terminated, so the line is dashed instead of solid. One more candle close down, I would feel it would be a solid line. Things change and this stock is volatile! No recommendation/NO PE Ratio assigned which would be highly unusual for a value stock. Negative EPS. Inspire Medical Systems, Inc., a medical technology company, focuses on the development and commercialization of minimally invasive solutions for patients with obstructive sleep apnea (OSA) in the United States and internationally. The company offers Inspire system, a neurostimulation technology that provides a safe and effective treatment for moderate to severe OSA. It also develops a novel, a closed-loop solution that continuously monitors a patient’s breathing and delivers mild hypoglossal nerve stimulation to maintain an open airway. The company was incorporated in 2007 and is headquartered in Golden Valley, Minnesota. Possibly an eventual short. EPS (FWD) -2.41 PE - Div Rate (TTM) 0 Short Interest 3.97% Market Cap $7.33B
NYSE:INSPShort
by lauralea
Pull Back FishingDeep pullback and possibly a harmonic pattern called a Cypher if price does not go down past the .786. For now price stopped at the .786 of XC and turned back up. But I am not sure that this may not be a shark which would take the final leg down further than the .786. The shark is labeled 0XABC, and the final leg (BC) is measured from the impulse leg, or 0X. Peak 2 is higher than peak one in both the shark and the cypher. The cypher's final leg is the .786 of the entire structure, or the .786 of XC. The Cypher does have a rule for the 2nd leg retracement, and must fall between the .382 and .618. The shark has no rules for the 2nd leg retracement other than it can not go beyond point 0. Since the 2nd leg retracement for INSP falls to the .618 on the dot, it rules neither pattern out. If peak 2 were lower, and not higher than peak 1, this could be a Gartley, but that is not the case. The Gartley also has the 2nd retracement leg at the .618. The 20 is crossing down through the 50 SMA which is considered a bearish crossover. After a pull back, I do like to see the 20 cross UP through the 50 to enter Long. Keeping my eye on this one. INSP is known to be volatile. No recommendation. What Is the Money Flow Index (MFI)? The Money Flow Index (MFI) is a technical oscillator that uses price and volume data for identifying overbought or oversold signals in an asset. It can also be used to spot divergences which warn of a trend change in price. The oscillator moves between 0 and 100. Unlike conventional oscillators such as the Relative Strength Index (RSI), the Money Flow Index incorporates both price and volume data, as opposed to just price. For this reason, some analysts call MFI the volume-weighted RSI.
NYSE:INSP
by lauralea
2
Pull Back FishingRisky. Volatility can be INSP's middle name. Yearly high and long term high is 252.25. Yearly low 97.15. The third bottom is a tad lower and was just made today. Pocket pivot today but PP's do not save the world )o: Confirmation would be a good thing No recommendation and there is a gap under price. Earnings 8-3. Yes, the moving averages are all out of whack, but the 200 is still sloping up (o: Inspire Medical Systems, Inc., a medical technology company, focuses on the development and commercialization of minimally invasive solutions for patients with obstructive sleep apnea (OSA) in the United States and Europe. It offers Inspire system, a neurostimulation technology that provides a safe and effective treatment for moderate to severe OSA. The company also develops a novel, a closed-loop solution that continuously monitors a patient’s breathing and delivers mild hypoglossal nerve stimulation to maintain an open airway. Inspire Medical Systems, Inc. was incorporated in 2007 and is headquartered in Golden Valley, Minnesota.
NYSE:INSP
by lauralea
Pull Back Fishing Ugly top RectangleINSP is a strong stock but has lost quite a bit of ground with the recent pull back/correction. The top doesn't looks so good, but price has not fallen past the neckline in a downtrend as of yet. It may. I thought it was a goner, then had a small pull up. I realize securities on their was down will have buying at certain levels as folks are trying to get in at a bargain price. The neckline is a very strong source of support and INSP has bounced off this level several times. The top is ugly but the neckline (which is also bottom trendline of the rectangle) has held except for an occasional candle shadow that dipped below. I like this stock and plan to watch it. If it breaks the neckline with conviction, I may be bottom fishing before long )o: No recommendation Earnings are over. The top trendline of a rectangle is resistance and the bottom one is support. It is a horizontal consolidation pattern until a trendline is broken with conviction. A rectangle can also be a continuation pattern. You can measure width of the rectangle and project it up or down from the corresponding trendline to get a guesstimate. One to watch if you are interested to see which pattern wins here..lol. Rectangles do usually break up or down eventually. Head and shoulders supposedly break to the downside, but in a strong stock and in a bull market, it does not always happen.
NYSE:INSP
by lauralea
Cup and HandlePull back may be coming very soon. Monthly and weekly candles are both green with a top wick and no bottom wick. The stock is not overbought on RSI. I notice a high of 119.26 today but the stock did not hold on to that price for long Having owned it, I have noted this is a very strong stock and the street must really like it. It can be volatile as well. Support perhaps at handle low, 79ish, 93ish and 104ish This company still has negative EPS, yet also has a very narrow moat. This can change though. A Lot of growth is expected (obviously) The stock has weathered the flu panic without sleeping much since the Covid bottom. I am waiting for a pull back. When that happens, I will buy more. Not a recommendation Inspire Medical Systems, Inc., a medical technology company, focuses on the development and commercialization of minimally invasive solutions for patients with obstructive sleep apnea (OSA). It offers Inspire system, a neurostimulation technology that provides a safe and effective treatment for moderate to severe OSA. The company also develops a novel, a closed-loop solution that continuously monitors a patient’s breathing and delivers mild hypoglossal nerve stimulation to maintain an open airway. Inspire Medical Systems, Inc. was founded in 2007 and is headquartered in Golden Valley, Minnesota.
NYSE:INSPLong
by lauralea
14
$INSP can rise in the next daysContextual immersion trading strategy idea. Inspire Medical Systems is a medical technology company, focuses on the development and commercialization of minimally invasive solutions for patients with obstructive sleep apnea (OSA). The demand for shares of the company looks higher than the supply. This and other conditions can cause a rise in the share price in the next days. So I opened a long position from $70,29; stop-loss — $67,26. 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. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NYSE:INSPLong
by KozakHlib