|Day Low/High||255.32 / 278.12|
|52 Wk Low/High||118.11 / 313.99|
What the Nasdaq experienced Monday is known not just as an 'Outside Day,' but an 'Outside Reversal,' and these can be dangerous.
Covid itself, and therapeutics or vaccines associated with taking on the SARS-CoV-2 coronavirus, is under a public microscope.
Now, that we have confirmation from the Nasdaq Composite, I think we can say equity markets are indeed back in what I would consider an uptrend.
Plus, quick looks at the presidential line of succession and at ongoing foot-dragging in Congress.
RedHill Biopharma has adopted 'Veeva Vault CDMS', Veeva's modern cloud platform.
Plus, Veeva Systems reports stellar results and ups its guidance.
Monday's market action was in no way similar to that recent disparity between the 'haves' and 'have nots.'
The trend still believes in Congress for whatever reason, and perhaps most importantly, in an effective vaccine and effective Covid treatments versus Covid sooner rather than the later.
It might be a good time to buy the stock because of its recent pullback, but there also is an ETF traders might consider if the telemedicine sector is of interest.
I would wait until the next down day, and there will be one.
Are equity markets still in a confirmed uptrend? It depends on which index you look at.
I'll be taking at least a third of my long off ahead of the numbers this afternoon.
WDAY looks ready to break out as traders weigh wether markets are now overbought after this 2-day run.
In months ahead stock should rise, with price targets of $200, $215 and $235.
The technical signals for the technology provider to the life science industry show its shares have upside potential.
I am pretty well covered in my 'virus group'. I could definitely see bringing a few shares of REGN on board the next time the algorithms include that name in a broad selloff. Not before.
Would love to know if Warren Buffett is adding here, or keeping his powder dry. Would simply love to know.
Imagine not taking action to make commerce as liquid as possible ahead of a pending national crisis, because one was afraid to be perceived as panicked? The Fed was far from cowardly on Tuesday.
I would still like to see a day where the broad indices perform well on volume that grows from the day prior, but is that because I am too experienced?
VEEV provides cloud-based software for the life sciences industry.
There are times when the indices fail to tell the story of what is really going on.
The CAD/CAM software giant is down sharply after blaming European and Chinese macro uncertainty for a slight cut in its full-year guidance.
VEEV likely to correct for several more weeks, but an opportunity to buy may be awaiting.
AbbVie is dropping on Allergan deal announcement, momentum is weak outside certain pockets.
This cloud earnings season has been about the bigger established names.
These trade tariffs will have a big effect beyond just autos.