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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 23, 2020 5:57pm
75 Views
Post# 31183214

T.A. for LVGO for Tues:

T.A. for LVGO for Tues:LVGO closed in the middle of today's range of 74-79, at 76 2/3; it had new ATH & still in blue sky breakout mode w/ATH close as well. Rated A, LVGO remains one of the best performers of mkt caps above $5B currently, with 200%+ gain since 2020 low. Overbought & a bit parabolic as stochastic is 91% for k, and price is above upper Bollinger Band. Odds favor a consolidation, perhaps betw 72 to 77, for the ST, pause to refresh (from legendary Gene Morgan T.A.) before another leg up. Rated A & strong uptrend so for investors, Swingtradebot says don't be too eager to sell due to overbought, to paraphrase them. Volume was moderately heavy. Investors are once again taking profits and transferring stock to those new to LVGO, including institutions who are underweighted in this premier growth stock. Fastly has done better recently due to Robinhood traders but LVGO's uptrend may be more sustainable, imho. Wouldnt chase the high flyers that are parabolic such as FSLY, DDOG, Twilio, Zoom, Peloton, FAMANG stocks, etc., but they could be good on a correction of 10-15%, imho. Even LVGO IIPR NEPT are due for corrections or consolidations. Corrections are more severe drops than consolidations which are usually sideways trading ranges.
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