As another request, what I think about SRGA! 👀As @shermaine2000 asked, here are my thoughts about SRGA!
It lacks the same liquidity of other stocks, but we can find something to guide us here. First, we have a bullish pattern today, and a pivot at 1.53 and a support at 1.32. To the side it breaks, we’ll see some very good movement next.
My opinion? If it breaks up is more interesting, because the risk reward ratio is much better. We are at support levels, and we are closer to the 1.32 than the 1.53, making it long trades more attractive to me. If it breaks the 1.53, the 1.96 is the target!
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See you soon,
Melissa.
SRGA
Surgalign Holdings Inc 🧙Surgalign Holdings Inc is a medical technology company advancing the science of spine care, focused on delivering innovative solutions that drive superior clinical and economic outcomes. The company continues to invest in clinically validated innovation to deliver better surgical outcomes and improve patient's lives. It markets products throughout the United States and in more than 50 countries worldwide through an expanding network of top independent distributors. The U.S. market accounts for the vast majority of revenue. It has commercial and design centers in San Diego, California, and Wurmlingen, Germany.
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SRGA LONG Still long at 1.66 no sweat. Bounce off 1.57 little volume pocket.
Target is still low $2 range.
$SRGA Long.I am long $SRGA at $1.65. Target $2.20 pivot
Lots of insider buying. Institutional ownership way up and transactions backing it up. Long term trend reversal attempting to hold and continue. Made a very nice bounce intraday Friday and looks ready to make a move higher.
Stop loss = $1.57
Target price = $2.20
Goodluck! 🤙
Follow me on ST @OneTwoThree_
SRGA insider buying - LONGSRGA has tried and failed to break/hold the 1.70 area 3 separate times suggesting it's time for the stock to start going back up. 4 of it's board members bought large sums of SRGA today totaling of 5 million altogether.
I've taken a small starter position on it. Let's see where she ends up by the end of next week and reassess.
SRGA Technical Analysis 🧙Surgalign Holdings Inc is a medical technology company advancing the science of spine care, focused on delivering innovative solutions that drive superior clinical and economic outcomes. The company continues to invest in clinically validated innovation to deliver better surgical outcomes and improve patient's lives. It markets products throughout the United States and in more than 50 countries worldwide through an expanding network of top independent distributors. The U.S. market accounts for the vast majority of revenue. It has commercial and design centers in San Diego, California, and Wurmlingen, Germany.
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