ACCD (Accolade Inc.) - Healthcare Technology
This one just came up on my feed. Shame, buying on Thursday was obvious.
FA: Fiscal report on 1/7 is pretty juicy. 30% increase since last quarter.
Analyst/Activists:
-Purchased by ARK on 1/7/21
-MS upgrade to overweight on 1/8/21 (Healthcare is trending upwards lately which is double benefit)
-Most analyst PT in the high 50's
-NOTE: one of my favorite healthcare analysts, baby girl Ricky G called this as a buy back in December
- 2% owned by activists
TA: Breakthrough yesterday of previous head-shoulders downtrend.
The bad:
-Smart money is already in this since September, so entering now is more risky.
Relevant Levels: PT=$59 (18% winner from $50)
-Pretty much guaranteed to reach $52 tomorrow (5% winner). We need this to break to see $60 in the short-term.
-Will likely dip down to $45 if it doesn't break $52. If $45 breaks, expect a drop to $41 and a slow move to $60, making this a long-term play. Not interested in this if that happens and would cut losses.
Plan: Will buy on pm open tomorrow and sell part of the position at $52, hold the rest. Might buy on dips if $52 breaks.
This one just came up on my feed. Shame, buying on Thursday was obvious.
FA: Fiscal report on 1/7 is pretty juicy. 30% increase since last quarter.
Analyst/Activists:
-Purchased by ARK on 1/7/21
-MS upgrade to overweight on 1/8/21 (Healthcare is trending upwards lately which is double benefit)
-Most analyst PT in the high 50's
-NOTE: one of my favorite healthcare analysts, baby girl Ricky G called this as a buy back in December
- 2% owned by activists
TA: Breakthrough yesterday of previous head-shoulders downtrend.
The bad:
-Smart money is already in this since September, so entering now is more risky.
Relevant Levels: PT=$59 (18% winner from $50)
-Pretty much guaranteed to reach $52 tomorrow (5% winner). We need this to break to see $60 in the short-term.
-Will likely dip down to $45 if it doesn't break $52. If $45 breaks, expect a drop to $41 and a slow move to $60, making this a long-term play. Not interested in this if that happens and would cut losses.
Plan: Will buy on pm open tomorrow and sell part of the position at $52, hold the rest. Might buy on dips if $52 breaks.
Commentaire:
Massive move upwards afterhours on 1/14. PT = 60