AMgen [[AMGN]] After hours quote
AMGN 53.92, +0.08, +0.2%) said late Friday that a Phase 3 study where patients received denosumab, a RANK Ligand inhibitor, demonstrated a significant reduction in the incidence of new vertebral fractures compared with placebo treatment.
I’m buying heathcare all next week: [[ISRG]] is a must own, and [[CELG]] is my top pick. My prediction, the sector rallies all week long. Hawaii trader is also bullish on the sector.
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One more note: I’ve been playing around with iBC’s new software, and DNA came up as a top pick.
I will be doing work all weekend on this sector.
Stay tuned…..
rage, visn sells out of home advertising to chinese buses n shit, but is probably blowin up the spot
I had the wrong symbol up there. I’ll put up a list i’m following tonight.
Danny email me this weekend.
What happened to CPHD today?
Someone here was pushing that baby … You, Wood or Boca, no?
Wow, just saw that. I was watching for a breakout 30, but it never happened.
RC,
The chart on ALTH looks pretty serious after a strong day.
BTFO?
Rage, read the paper. DNA is a proposed Roche buyout. “Capped upside, dude.”
Take a look at the other pharmas…
My top two were VXR and AUXL.
Those fish are “in the boat.” (Coincidentally, so was AMGN.)
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Hello folks,
I’ve started my weekend research a bit early. Basically, I expect perhaps a tad more downside (say, a day or two max) in the averages, before we rip higher for a continuation of our bear market rally (probably headed for DOW 12,000-ish). Healthcare will lead the way without a doubt.
These are the stocks I have tracked with exceptional insider buying in the last 3 months WHICH ALSO have solid chart patterns.
1st tier charts (my opinion)
ABMD, OSIR, GHDX, XNPT, EVVV, ALNY, COV
2nd tier charts (look a bit extended right now, but are worth keeping on the radar)
IDIX, CYBX, BAX ALTH
Other healthcare names without insider buying but worth looking at:
MDT, PKI, ISRG, CRL, VRX
Good luck to all!
-Phil
MONDAY TRADE ON ISRG
Okay, given this weekend’s Barron’s article on ISRG, there could be a good swing trade in the name on Monday.
You see, it doesnt matter if the P/E is high or not. As long as the growth continues, the stock will sustain itself. Sure, sales my taper off in 2 or 3 quarters — or even next quarter, for all we know –, but the fact is that RIGHT NOW, the stock comes off the heels of a second quarter of explosive growth, raised guidance and trumped-estimates.
I dont know if the stock has enough juice to reach $365 or $400, but, in light of the stellar quarter, it should at least test its previous highs. My rationale is as follows: if, before the great quarter, the stock managed to tap $350, the stock should at least test those prices again — fueled by its latest earnings release.
Would I invest in this stock? No. Would I buy it for a trade? Definitely. Why? Well, from a short-term perspective, the risk-reward is spectacular.
Here’s the trade: the Barron’s article might prompt mom and pop and other retail gamers to sell the stock from the open. So, here’s what I’m looking for: the stock gaps down a few points, I wait for ISRG to push lower, then, reverse and trade back through its opening price. At that point, I buy the stock and set a stop loss below the low of the morning and hold for a target price of $350.
Hypothetical scenario: the stock opens a few points lower at 319 and trades to, say, 315, before popping up again through 319, then, higher, for a close of say, 327.
With an entry price of 319, I’m risking 5 points (stop at 314 — below the hypothetical 315 low) to make 31 points (target 350).
That’s a reward-to-risk of about 6 to 1. I’ll buy ISRG any day of the week for that.
We’ll see how the actual stop price and entry price play out on the tape, but I feel pretty confident that there’s a great trade coming off this Barron’s cover story on Monday.
Good luck to all!
-Phil
Healthcare stocks are the live time bombs, waiting to blow both arms and legs off, of the investing world.
“Caterpillar Makers,” I like to call ’em.
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Oh yeah, that’s why I lost both arms on Friday, blown off by the market, and have to type my posts now with a chopstick held between my teeth. I got to keep my legs thanks to SKF.
Last week I had The Least Mojo Ever, zip, zero magic, nada. I was so not hot I was like a human popsicle.
EEM (emerging markets ETF) forming a nice head and shoulders pattern, worth watching this one.
Note EEM had a 3 to 1 split last week.
ouch for ISRG longs lol
Boca,
You mean regular “head & shoulders” like a topping, downtrending formation?
I’ve been long EEV for the last month plus… thinking that boat’s gotta slow at some time, Jim Rogers or no.
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yes that’s exactly what I mean Jake
is EEV the single or double inverse etf? Sometimes I like puts on the original etf, better than buying the inverse. The exception to that is SKF.
EEV is double inverse. If you’re going to play it short, you might as well go nuts, I say. (ggg)
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ON THE SHORT SIDE… RAILS
Despite all the talk about how oil is going to save the transports, I like a short of the rails right here.
I heard the BNI conference call last week — they missed primarily due to some “recurring charges”. The thing that caught my attention was not how they talked up their ability to pass on oil surcharges to customers BUT how they emphasized that their business was firing on all cilinders due to the commodity boom. They specifically referenced coal traffic.
That made me think: okay, coal is fucked. The global growth story is being flushed down the toilet. Hence, these guys are fucked by extension. BNI is my top short given that they missed the numbers. It doesnt matter why they missed, just that they missed. That makes them worst-of-breed within the space from a quant perspective (algorithms dominate a large portion of trades today on the exchanges), so I expect this stock to get especially hit. Technically, BNI is below its 50-day and 100-day and reversed lower after earnings on Friday.
A short right here (or a bit highr, if possible) with a stop at 102 and target cover points 92.50 and 85.00 looks good to me.
phil from brazil your isrg long trade in the toilet