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Livongo Health Inc. LVGO

Livongo Health Inc provides a data science and technology enabled platform for detection of diabetes. Its additional solutions include Livongo for Hypertension, Livongo for Prediabetes and Weight Management, and Livongo for Behavioral Health by myStrength. The company's client comprise of employers, health plans, government entities, and labor unions. Its operations are primarily located in the United States.


NDAQ:LVGO - Post by User

Post by drbob512on Jun 03, 2020 7:48pm
66 Views
Post# 31109220

T.A. for LVGO Wed:

T.A. for LVGO Wed:LVGO opened @ 58.30, quickly dropped to 56.50 LOD, then rallied most of the session, to ATH of 64.44, dipped last couple hrs to attain a new all time closing high of 61.80 (5.95% gain), on 201% of ave. daily volume so the day's rally was very credible. Parabolic SAR reversed as it dropped from over 60 to 48 & is now bullish until the SP drops enough to meet or below it; today the SAR marks the high probability that a new uptrend is in place and the bears likely to get crushed by bulls for weeks to come. Naturally Swingtradebot keeps an A rating and all timeframes show Up trends. All that is needed for a blue sky breakout is a close above 63.55, the prior ATH, which is likely in 1-3 days. LVGO had 3 wks of consolidation after its massive run from low 20's to 63.55, digesting those gains & switching shareholders from those who had big gains to take profits to those who were later to discover LVGO (new strong hands, not weak hands) & bought the shares from them in the high 40's to low 60's, incl insiders selling. Be aware that insider buying is more indicative of future prices than insider selling as insiders usually sell part of holdings from time to time, which doesnt necessarily mean they stopped believing in their company. Daily RSI is at 66.8 & MACD is low so there is plenty of upside avail before it gets too overbought which is RSI over 75 or 80 on dailies & strong stocks can see RSI's range betw 60 and 90 for many weeks. If blue sky breakout is confirmed, expect 69-70/sh. as near term target. Intermed term target could be 90-99 if the mkt stays firm over the next 2-4 months. Long term LVGO could be a major force in telehealth and if successful, it could reach a mkt cap of $50B+ in 5 yrs, as they have penetrated only 1% of diabetes mkt and have hypertension, cholesterol, weight mgmt & behavioral health mkts to penetrate. LVGO is not just a Covid-19 play as it had xlnt growth before the virus came & employers/health insurers have to save money via health & telehealth. Can't think of a better LT play or better sector.. Jmho dyodd glta
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