• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing

The Charts of Livongo Health Could Use More Development

LVGO went public in late July so we don't have a lot of price history.
By BRUCE KAMICH
Mar 04, 2020 | 09:19 AM EST
Stocks quotes in this article: LVGO

In his second "Executive Decision" segment of Mad Money Tuesday evening, Jim Cramer sat down with Glen Tullman, founder and executive chairman of Livongo Health (LVGO) , which reported a strong quarter Monday, only to fall 9% in Tuesday's broad selloff.

Tullman explained that Livongo is a digital health solution for 147 million people with chronic conditions. The company collects data and information from their customers, and uses it to provide insights to help keep them healthy.

The company has a 94% retention rate and the company ultimately saves the health care system money by providing better outcomes.

In this daily bar chart of LVGO, below, we can see that prices made a sharp decline for the two months after going public - not a confidence builder, in my opinion. Prices rebounded in October and November and have basically traded sideways the past three months. With the lack of price history we used the 20-day and 50-day moving averages. Prices have crossed above and below these shorter averages for several weeks now.

The daily On-Balance-Volume (OBV) line made a low in late September and has been zigzagging sideways since that low. A rising OBV line would be preferred.

The Moving Average Convergence Divergence (MACD) oscillator has been hugging the zero line in the past couple of months and tells us there is little trend strength.

In this daily Point and Figure chart of LVGO, below, we can see that the software is projecting a potential upside price target in the $35 area.

Bottom line strategy: The charts and indicators of LVGO are not projecting a strong picture. The Point and Figure chart shows an upside price target but it ignores time and volume. Aggressive traders might consider putting LVGO on their shopping list but I am in no rush to do so.

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

Employees of TheStreet are prohibited from trading individual securities.

TAGS: Investing | Stocks | Technical Analysis | Trading | Health Care Equipment & Services | Healthcare | Mad Money | Executive Interview

More from Investing

You Could Say I'm 'Fed' Up With These June Minutes

Jim Collins
Jul 7, 2022 12:30 PM EDT

From one logic-defying FOMC statement to the next, I'm not sure what I'm even reading at this point. But I do know how I'm investing.

As Harmony Biosciences Breaks Out to a New High, What's Next?

Bruce Kamich
Jul 7, 2022 12:20 PM EDT

Here's where traders could go long.

Here's Where Shares of Walmart Are Attracting Buyers

Bruce Kamich
Jul 7, 2022 11:45 AM EDT

Only nimble traders need apply.

Kass: Why I'm Aggressively Buying Bank and Brokerage Stocks

Doug Kass
Jul 7, 2022 11:30 AM EDT

For me, it's the time to be an opportunistic buyer

Roblox: You Don't Have to Imagine That a Base Has Developed

Bruce Kamich
Jul 7, 2022 11:10 AM EDT

Here's the trade.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 09:41 AM EDT STEPHEN GUILFOYLE

    Reweighting Portfolio Positions Through 5 Trades

    Check out what we're doing in the TheStreet's Stoc...
  • 12:01 PM EDT PAUL PRICE

    A Recent Director Buy in Children's Place (PLCE)

    Four of the most recent insider trades in Children...
  • 07:34 AM EDT PAUL PRICE

    A $525,000 Vote of Confidence on Macerich (MAC)

  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2022 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login