QTRX trade ideas
QTRX ( Quanterix Corporation) - Bullish QuarterQuanterix Corporation
Quanterix Corporation is a developer of tools in high definition diagnostics. The Company focuses on research and diagnostics for brain injuries, heart disease, cancer and other diseases with its technology. It offers Simoa consumables, which include Simoa Discs, Simoa Cuvettes, Simoa Sealing Oil, Simoa Buffers and Disposable Tips. The company services include Simoa Accelerator Lab and custom assay development services. Quanterix Corporation is based in LEXINGTON, United States.
Analysis/Commentary
Strong EPS and Sales Growth Y-on-Y
Based on the study of the previous quarterly earnings reports and subsequent price moves:
- Current quarter has given price move to the LOW point as expected
- RSI needs to indicate oversold position for entry point
- Expectation for the price to move to MID or HIGH point
- Trailing stop-loss on price above MID point
GOOD LUCK.
DO YOUR OWN RESEARCH!
$QTRXEntry price: 79.93
Fundamentals :
- Sector: Medical Products
- EPS % Chg (Last Qtr): 118%
- EPS % Chg (Previous Qtr): -6%
- 3 Year EPS Growth Rate: 0%
- EPS Est % Chg (Current Yr): 0%
- Sales % Chg (Last Qtr): 110%
- Sales % Chg (Previous Qtr): -3%
- 3-Year Sales Growth Rate: 51%
- Annual Pre -Tax Margin: -72.2%
QTRX: Bullish PennantBullish Pennant
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 9
200MA ascending
250RSI below 50
If confirmed:
PT = 119.48$
FDA Emergency Use Authorization for SARS-CoV-2 N Protein AntigenQuanterix Receives FDA Emergency Use Authorization for SARS-CoV-2 N Protein Antigen Test
As case counts and positivity rates rise globally, the COVID-19 testing landscape is of critical importance
finance.yahoo.com
$QTRX Nice Looking Long SetupConstant Higher lows after finding support along the 50 MA. Broke trendline and good bounce today.
QTRX - Quanterix CorpAttempting to clear overhead resistance range of $48/49, with some volume over the last few sessions.
$QTRX Swing trade idea this stock has been in a up trend every time it pulls back to the 50 day SMA it has broke and headed north this stock has pulled back to the up trend line if it breaks the down trend line and closes above this could push up to 62.48 area at its 1.618 fib ext. with a stop of a break below the 50 day and close below or break below the up trend line that it has respected pervious. the chalk and money flow is pushing higher as the stock is sitting on the up trend line and it has put in a bullish reversal candle.some areas to watch for resistance at 47.34 area and 52.80 its all time highs this would be a great first profit target. stay safe trade with out buyest and try to look at both sides of the trade this will allow u to stay open minded.
Quanterix Corporation (QTRX) short.All description on the chart.
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QTRX - Quality breakout, doubling downQuality breakout after a long consolidation, within a longer term uptrend. I need nothing else to double down on this one.
Full disclosure: with today's buy at the open, I'm now long QTRX at 0.9% of total assets.
QTRX on its Bullish Channel May 30, 2019
QTRX formed its long term bullish channel since September 2018 and now its on it's support area and it is now going up. There is a probability the price would reach its resistance at $27 soon.
Name this chart pattern ...Clue: It is one of the most over-used and misguided technical patterns referenced on tradingview.
If this company starts to hit milestones and execute with its disruptive biotech plans, this stock is an easy double in very short order.
