* Great earnings
* Very strong up trend
* Very high relative strength in the Healthcare industry
* Has been consolidating since breakout
* And now offering a pocket pivot setup.
A pocket pivot setup is when the last day's volume is higher than any of the previous 10 days down volume. This indicates that institutions are stepping in and the price is expected to go higher.
This is a high probability setup.
Trade Idea:
* You can get in as indicated
* Or you can wait for a retest of 111.33 (may be unlikely since it's a pocket pivot setup)
* Very strong up trend
* Very high relative strength in the Healthcare industry
* Has been consolidating since breakout
* And now offering a pocket pivot setup.
A pocket pivot setup is when the last day's volume is higher than any of the previous 10 days down volume. This indicates that institutions are stepping in and the price is expected to go higher.
This is a high probability setup.
Trade Idea:
* You can get in as indicated
* Or you can wait for a retest of 111.33 (may be unlikely since it's a pocket pivot setup)