Pocket Pivot Review - TNDM 11-8-18
|Published:||8 Nov 2018 10:12 ET|
Medical device maker for diabetics TNDM had a pocket pivot last Thursday on a strong earnings report, and has since attempting a constructive pullback. It currently sits just under its 50dma. It has had a tremendous prior run, thus elevated levels of volatility can be expected. That said, TNDM appears to be settling down which is suggestive not of a major top but a renewed set up. One could use the low of the recent retracement at approximately an undercut of 36.05 as their stop. Sales continue to strongly accelerate, group relative strength top 10%.
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2019 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.