All of healthcare is feeling the BERN. Overdone and HIIQ has HUUUUGE IV with 98% Q/Q sales growth. Free money?
P.S. if this does BERN down I will buy to close for a loss, not sure I really want to own the shares.
$HIIQ - 50/200d ema golden cross upcoming. Price broke above 200d ema line recently and successfully retested that support last week (~$37.00 level).
See chart for a couple possible near term targets. Earnings early March.
Note: Informational analysis, not investment advice.
Channel S&R: yes, rising up trend.
MA S&R: above both 20 and 50, breaking out 52w high
Volume confirmation: yes
Candle Confirmation: yes
Stoch Divergence: no
Reg Trendline > 85: n/a
Short Float: 23%
Risk / Reward: 2:1
Zacks Rank: 3-Hold 3 Style Scores: D Value | A Growth | D Momentum | B VGM Industry Rank: Top 8%(21 out of 255)...
My trend lines tell me that stock is near a good buy point.
Reasons not to buy:
short float is at 38.9%, kinda high (finviz.com)
Stochastics Momentum Index is giving a sell signal (marketvolume.com)
Stochastic RSI is giving a sell signal (marketvolume.com)
Bought at $24.78 on 4JAN17
I believe we are about to see HIIQ have another sell off. there are plenty things pointing to it.. 1. it came down on huge bearish volume 2. It is retracing up on lower volume 3. it just hit the 50% retracement level 4. It is oversold on the Stochastics indicator.. Don't forget to manage your risk/reward and trail your stops for maximum profit potential if...