PRGO from $24.61 to $28MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...
Here's why I'm picking this symbol to do the thing.
Price at bottom of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold level
TTM Squeeze is off
TTM Squeeze momentum is spiked down
VBSM is spiked negative
Impulse MACD is spiked downside
Price at near 1.618 Fibonacci level
In at $24.61
Target is $28 or channel top
PRGO trade ideas
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.
Perrigo (NYSE: $PRGO) Showing Massive Bullish Divergence! 💊Perrigo Company plc provides over-the-counter (OTC) health and wellness solutions that enhance individual well-being by empowering consumers to prevent or treat conditions that can be self-managed. The company operates through Consumer Self-Care Americas, Consumer Self-Care International, and Prescription Pharmaceuticals segments. The Consumer Self-Care Americas segment focuses primarily on the development, manufacture, marketing, and sale of store brand, self-care products in categories, including upper respiratory, pain and sleep-aids, digestive health, nutrition, vitamins, minerals and supplements, healthy lifestyle, skincare and personal hygiene, and oral self-care in the United States, Mexico, Canada, and South America. The segment offers its products under the brand names of Prevacid 24HR, Good Sense, Zephrex D, ScarAway, Plackers, Rembrandt, Steripod, Firefly, REACH, and Dr. Fresh. The Consumer Self-Care International segment develops, manufactures, markets, and distributes consumer self-care brands through a network of pharmacies, wholesalers, drug and grocery store retailers, and para-pharmacies in approximately 30 countries, primarily in Europe. The Prescription Pharmaceuticals segment develops, manufactures, and markets a portfolio of generic prescription drugs, such as creams, ointments, lotions, gels, shampoos, foams, suppositories, sprays, liquids, suspensions, solutions, controlled substances, injectable, hormones, oral solid dosage forms, and oral liquid formulations in the United States, as well as pharmaceutical and diagnostic products in Israel. In addition, it offers contract manufacturing services. Perrigo Company plc was founded in 1887 and is headquartered in Dublin, Ireland.
PRGO, LONG, SWINGHere is a range play with a strong weekly history of a bounce around this area of value . I like the risk vs reward . I also labeled a potential second level of profit on the chart, but personally I will take my profit at the first level.
This is a technical play only , I am not a fan of the company or its fundamentals but
I like the chart and the risk vs reward. Not to mention, I think it's probably timed alright with market cycles... hopefully ;)
Good luck ~
PRGO - Perrigo - 12DAY Setup - Entry w/ Price TargetsPRGO (Insider Buying at Buyzone)
BUYZONE = 40 - 44
Cost Avg Down (CAD) = 36
1st Target = 65
2nd Target = 78
HODL Target = 100+
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez