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%.
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