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Quest Diagnostics IncorporatedQuest Diagnostics IncorporatedQuest Diagnostics Incorporated

Quest Diagnostics Incorporated

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DGX trade ideas

Quest Diagnostics // Buy Future Dip Notes on how I personally use my charts/NFA: Each level L1-L3 and TP1-TP3 (Or S1-S3) has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic. Just my personal way of using this. This is not intended or made to constitute any financial advice. This is not intended or made to constitute any financial advice. FED Macro Situation Consideration: All TP's are drawn within the context of a return to FED neutral-easing policy. I do not expect these levels to be reached before tightening is over. NOT INVESTMENT ADVICE I am not a financial advisor. The Content in this TradingView Idea is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained within this idea constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. All Content on this idea post is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the idea/post constitutes professional and/or financial advice, nor does any information on the idea/post constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the idea/post before making any decisions based on such information.
NYSE:DGXLong
by PudgyProdigy
Quest Diagnostic Incorporated – Rare Stock with 30% Upside OpporIf you like this idea, please don’t forget to Boost it. Fundamental Indicators: Sector – Healthcare US Business Cycle Stage – late cycle, when this sector is favourable Revenue – consistently growing for the past 5 years, with 9% average annual rate Profits – explosive growth until 2021 and slight reduction in 2022 TTM Net margin – effective company with 15% margin P/E – quite low with 10.8 ratio compared to S&P500 with 21 and Healthcare sector with 23 Liabilities - debt ratio is at 0.51 which is within normal limits, Net Debt/ EBITDA is at 1.28 – no problems with debt Conclusion – highly effective company with low valuation, considering that this is a defensive sector in the late business cycle, it is likely to continue growth to update historic highs Technical Analysis (Elliott Waves): Main scenario of this idea suggests that we are still observing development of the global growth cycle which is currently at the stage of completing wave C of 3 in an Ending Diagonal pattern (see higher timeframe graph) The key elements of this scenario are Contracting Tringle of wave 4 that lasted between 2006 and 2011m which reflects accumulation phase, and the final fifth which is taking a complex shape This final fifth wave is clearly shaping up by a choppy movement which indicates formation of an Ending Diagonal (see guidelines for Ending Diagonals below) Waves A and B of the zigzag have already formed and wave C is also near completion with the fifth wave just about to start This may present a good long opportunity with a target of $174.16 – up to 30% upside This is a higher timeframe to reflect the full history of Quest Diagnostic Incorporated and to provide full wave count: This is the link to the guidelines for Ending Diagonals What do you think about Quest Diagnostic Incorporated and its short term prospects? Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves. And BOOST this idea if you like it. Thanks
NYSE:DGXLong
by vitalalyt
ABC BullishPossible stop under C. Earnings tomorrow morning BMO. No recommendation. Larger numbers over price are targets 1. Smaller numbers are target 2. Often it is best to focus on Target 1 as targets 2 may or may not occur. Targets 1 may not occur anytime soon if they miss earnings in the morning )o: If we have a rainy day tomorrow in Mr. Market world, then a company can beat earnings and still go down. Lots of factors can come in to play I suppose and trading close to earnings can be risky.
NYSE:DGXLong
by lauralea