Livongo Health Inc. LVGO

LVGO had another wild day

[drbob512]

as it fell to 100 intraday, just after reaching 119 ystrdy, and rallied to close down 2 pts @ 111. Most technical indicators were unchanged: slightly positive to neutral in the ST and bullish in the intermed term. ER is Aug 6. LVGO was the Mystery Chart of the Day on CNBC today but it didnt seem to boost the stock. Mkt shows signs of weakness, espec tech & disruptive growth stocks so more consolidation / correction could be seen next wk unless dip buyers of growth stocks come back with a vengeance. LVGO range is now 100 - 119.

[drbob512]

Correction: LVGO closed @ 109, not 111, down 2 pts. Btw, LVGO did carve out a bullish hammer candlestick as the lower shadow (wick) was huge as the stock closed at the HOD after falling sharply to 100 early. A candle buy signal if the stock goes above HOD which seems likely, if mkt doesnt drop big on Monday. LVGO has 15% short interest iirc, which adds fuel to rallies. Another btw, is that the top