On July 15 we reviewed the charts of medical system maker DexCom (DXCM) and wrote that “Intense traders could probe the very long side of DXCM about existing degrees. Possibility to $72. Perhaps we can rally to the $100 spot.”
Shares of DXCM were powerful in early morning buying and selling Friday, up about 7% and have achieved our $100 value focus on.
Let us see what the chart seems to be like this morning.
In this daily bar chart of DXCM, below, we can see that charges traded sideways because the center of July in a bullish consolidation pattern. Rates are now trading higher than the soaring 50-working day relocating normal line and over the slower-to-react 200-working day moving average line. The On-Stability-Volume (OBV) line has moved sideways the past 4 months but appears to be primed to shift bigger.
The Moving Ordinary Convergence Divergence (MACD) oscillator has been moving around the zero line but it way too appears primed to move bigger to a obvious invest in signal.

In this weekly Japanese candlestick chart of DXCM, beneath, we see a bullish image. Price ranges made a bottom reversal sample the past three weeks. DXCM surged to a new large and is crossing the 40-7 days shifting regular line.
The weekly OBV line is still pointed down. The MACD oscillator is enhancing but even now continues to be down below the zero line.

In this day-to-day Issue and Determine chart of DXCM, under, we can see an upside breakout and possible price tag focus on in the $127 place.

In this weekly Place and Figure chart of DXCM, below, we see the similar $127 price tag target.

Bottom line technique: Traders who are extended DXCM from our July 15 recommendation really should choose partial income Friday as price ranges have attained our original price tag focus on of $100. Hold the equilibrium of your shares wanting for $127 and raise your offer stops to $85.
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