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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 07, 2020 1:46pm
55 Views
Post# 31121832

T.A for LVGO Friday:

T.A for LVGO Friday:LVGO on Friday continued to be weak as it fell to the upper 54, just below 55 support which has been support in 2 of the last 4 wks, but rallied just enough to close at 57. The past wk saw it rally to a new ATH of 64.44, then failed to follow thru and dropped sharply the next day. Fortunately the daily Parabolic SAR remains below the SP @48 & wkly SAR is well below @ 38, so there is little chance of the IT trend turning bearish. Swingtradebot has ST trend Down while LT & IT trends remain Up & rating remains a B. Daily stochastics & MACD are crossed down & are thus negative so some price weakness in the ST could continue. Dip buyers have come thru, such as when gap filled @ 48 previously, & on Fri when 54 held support, as LVGO has not closed in the 40's since reaching the low 60's four wks ago. LVGO has digested the almost 200% move from March 23rd bottom the past 4 wks & has been relatively weak in sympathy with the "stay @ home" stocks the past couple weaks as laggards have come to life recently. LVGO has been acting similar to how IIPR has acted in the past where it has relative weakness but doesnt break down completely. The daily chart could still be a bullish flag fwiw.
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