XLV
XLV Short IdeaAfter regarding the 200SMA Daily as Resistance,
forms a Diamond Reversal w/ Triple MACD + RSI Hidden Bearish Divergence
w/ 4 Hour MACD Bearish Divergence
Looking for a breakout and to see how markets open this week before a final decision, loosen or tighten targets as you will.
GIVE ME FEEDBACK
** NOT FINANCIAL ADVICE **
$CI healthcear leader near 52wk highCigna Corp sells healthcear memberships for dental, medical and other servicesa like. For the six months ended 30 June 2022, Cigna Corp revenues increased 6% to $89.07B. Net income increased 4% to $2.74B.
Breakout after breakout NYSE:CI is one of the few S&P 500 stocks that pass my trend template. As long the price stays above $272 I'm long.
The On Balance Volume confirms the uptrend also making higher lows. Is always great to see volume confirming price action.
But I'll wait for my ideal buy signal which is at $293.50. Let's see what happens.
Healthcare leader $PRGO making a shark pattern Perrigo is in the Medical-Generic Drugs Group, they develop, manufactures, markets, and distributes private label self-care products, including cough, cold, and allergy products, analgesics, gastrointestinal products, smoking cessation products, infant formula and food products.
IBD gives it a #1 rank in its industry.
PRGO made its major low in May while XLV made it in late June. That's very good relative strength. Now, after the price broke above its 200-day MA, its been forming a base giving a good opportunity to buy.
The price is making shark pattern with a pivot buy at $43.01. I'll leave a STOP BUY at that level.
7/17/22 LLYEli Lilly and Company ( NYSE:LLY )
Sector: Health Technology (Pharmaceuticals: Major)
Market Capitalization: $315.073B
Current Price: $331.60
Breakout price: $334.70
Buy Zone (Top/Bottom Range): $314.00-$292.90
Price Target: $364.20-$367.50 (2nd)
Estimated Duration to Target: 112-120d (2nd)
Contract of Interest: $LLY 10/21/22 350c
Trade price as of publish date: $13.50/contract
7/4/22 SWAVShockWave Medical, Inc. ( NASDAQ:SWAV )
Sector: Health Technology (Medical Specialties)
Market Capitalization: $7.109B
Current Price: $198.62
Breakout price: $200.15
Buy Zone (Top/Bottom Range): $194.30-$180.50
Price Target: $217.20-$221.90 (1st), $246.50-$249.80 (2nd)
Estimated Duration to Target: 38-40d (1st), 83-88d (2nd)
Contract of Interest: $SWAV 8/19/22 195c, $SWAV 10/21/22 195c
Trade price as of publish date: $19.10/contract, $26.50/contract
7/4/22 AMNAMN Healthcare Services Inc. ( NYSE:AMN )
Sector: Commercial Services (Personnel Services)
Market Capitalization: $5.130B
Current Price: $114.73
Breakout price: $115.20
Buy Zone (Top/Bottom Range): $113.95-$108.40
Price Target: $120.90-$123.70
Estimated Duration to Target: 38-40d
Contract of Interest: $AMN 8/19/22 110c
Trade price as of publish date: $10.80/contract
4/24/22 UNHUnitedHealth Group Inc. ( NYSE:UNH )
Sector: Health Services (Managed Health Care)
Market Capitalization: $490.152B
Current Price: $520.94
Breakout price: $536.25
Buy Zone (Top/Bottom Range): $529.50-$507.55
Price Target: $548.50-$553.30 (1st), $611.50-$618.00 (2nd)
Estimated Duration to Target: 29-31d (1st), 97-100d (2nd)
Contract of Interest: $UNH 5/20/22 520c, $UNH 9/16/22
Trade price as of publish date: $18.57/contract, $25.25/contract
3/13/22 LLYEli Lilly and Company ( NYSE:LLY )
Sector: Health Technology (Pharmaceuticals: Major)
Market Capitalization: $253.61B
Current Price: $266.30
Breakout price: $270.95 (hold above)
Buy Zone (Top/Bottom Range): $262.45-$247.10
Price Target: $308.00-$310.40
Estimated Duration to Target: 84-90d
Contract of Interest: $LLY 6/17/22 300c
Trade price as of publish date: $5.90/contract