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Most Interesting Assets on the U.S. Stock Market

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By Dmitriy Gurkovskiy, Chief Analyst at RoboMarkets

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This review comprises the stocks with the highest yield over the last 30 days.

 

STAAR Surgical Company (STAA)

STAAR Surgical Company was founded back in 1982. With its subsidiary companies, it develops, produces, and sells implantable ophtalmic lenses and systems for their implementation. Implantable lenses is a radical approach to treating such common vision disorders as myopia, long sight, astigmatism, and presbyopia. The company sells its products directly through its representatives in the UK, Germany, Spain, Canada, Singapore, the US, and Japan, and in 75 countries more through its independent resellers.

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Among STAAR’s subsidiaries, one can name Domilens Vertrieb fuer medizinische Produkte GmbH, STAAR Japan Inc, and STAAR Surgical AG. The company falls into Healthcare (Medical Instruments & Supplies) sector.

Over the last month, STAAR shares have grown by 70.36%. Such a growth was caused by the Q1 earnings report that showed so good result that the profit forecast drastically increased for the whole 2018, namely, from 2% all the way to 20%! This is also because of the good results in the Asian market.

In Q1 2018, STAAR net profit amounted to 0.6M USD, or $0.01 per share, against -$2.2M or $0.05 per share in Q1 last year. The biggest profit share was brought by Visian ICL, the product the company expects even more from moving forward. This product is very much like a regular contact lens implemented into an eye. This allows people with myopia or far sight to stop using contact lenses, which solves the so-called ‘dry eye’ issue. Implantable lens implementation is done by a physician, but costs far less than a regular eyesight recovery operation.

In 2018, STAAR is going to continue investing into Visian ICL clinical trials, which means more profit and good earnings reports in the future.

Technically, there is an ascending trend forming, with the price being above the 200-day SMA. The key resistance at $17 had been active since December but finally got broken out, while the immediate support is now at $22. There are no fresh resistance levels on the chart yet, as the price is at its highs since the stock’s inception. Short float is very low, at 2.36%, while the investment funds own over 79.9% of the shares and have not sold them recently.

 

PolarityTE, Inс. (COOL)

PolarityTE, Inс. is a biotech company founded back in 1998, developing regenerative tissue and biomaterials for medical purposes. PolarityTE results in regeneration are really unique.

PolarityTE technology is based on the patient’s healthy tissue which then creates a self-spreading product designed to strengthen and stimulating patient’s cells for regeneration purposes. Instead of making synthetic or third-party materials, PolarityTE uses patient’s tissue, which helps develop the regeneration process much better. The innovative PolarityTE method enables speeding up the recovery process.

Among the company subsidiaries, one can name Jesse M. Sutton Foundation, Majesco Entertainment, Zift Interactive LLC, and Paradigm Shift Universal, Inc. The company falls into Healthcare/Biotechnology sector.

Over the last month, PolarityTE share price went up by 51.93%, mainly because of its major product called SkinTE. Those who already tried it are very happy about it, which is an additional marketing stimulus for the company.

Here’s some feedback of one of the patients: ‘I damaged my skin badly in a motorbike accident a few years ago. The wounds were so serious that no medical care could help, as the skin just would not recover. Finally, they had to transplant the skin, but this lasted for a few months, while the wounds were bleeping, and when they took off the bandage, around 50% of the transplanted skin was left there. After that, I decided to use SkinTE, and just in a few weeks the skin fully recovered, including even the hair coat.’

More and more reviews like this one are coming in everyday. SkinTE helps recover skin after fire burns, chemical burns, lacerations, and other skin damages. The recovery process is much more speedy than regular one, and is very convenient. The company is using this good situation to find resellers in the East Coast in order to boost sales.

Until April, the stock was downtrending, but SkinTE news was a real game changer for PolarityTE, Inc, as it broke out the 200-day SMA, signaling for a newborn ascending trend.

Meanwhile, the investment funds’ PolarityTE buys grew by 14.23%, while the board members still have around 45% of shares and have not sold them recently.

Short float at 18.78% is an additional stimulus for the stock growth, as the bears have to close their positions, thus pushing the price higher.

The closest support that may be reached by a pullback is at $22, while the closest support is at around $30.

 

IntriCon Corporation (IIN)

IntriCon Corporation (IIN) was founded back in 1930, and is currently developing, producing and selling software for medical appliances, hearing kits, and audio communication devices. IntriCon also offers earsets for law enforcement institutions, aviation, and military, as well as small versions for musicians and security guards. IntriCon Corporation was formerly known as Selas Corporation of America.

Among the company subsidiaries, one can name EarVenture LLC, Hearing Help Express, Inc., IntriCon Datrix Corporation, IntriCon GmbH, IntriCon PTE LTD, IntriCon Tibbetts Corp, PC Werth Ltd, Resistance Technology, Inc., RTI Electronics, Inc., and RTI Technologies PTE LTD. The company stock falls into Industrial Goods (Industrial Electrical Equipment) category.

Over the Last month, IntriCon increased the investor profit by 50.76%, mostly because of the Q1 earnings report that exceeded expectations. The company’s net profit reached $25.4M, which is 19.6% bigger than last year (around $21.2M). The shareholders’ net profit in Q1 2018 was $769,000, or $0.10 per share, compared to -$270,000 or -$0.04 per share in Q1 2017.

This year, the company focuses on the hearing aid and continuous sugar monitoring devices. Both products are going to be very much in demand, as the ‘baby boomers’ are getting old but are still used to the gadgets that make their lives more comfortable.

Diabetes is one of the most serious problems in the US, as more and more elderly Americans get this diagnosis. In case such patients do not stick to the diet and workout plans, their health becomes worth further. Such people have to always control their sugar level, while the devices used for that purpose used to be large and difficult to use. IntriCon and Medtronic PLC (MDT) succeeded in making them more compact and easy to use, allowing the patients to monitor their sugar level without any major issues.

Medtronic PLC controls over 81% of the sugar level measuring device market, so IncriCon partnering with them allows the company to boost their sales even further. As of now, InctriCon is going to rent additional 37 000 square feet of facilities to boost the production.

The investor sentiment can be easily confirmed by tech analysis figures. The price is above the 200-day SMA, which means there’s an uptrend in place. There are no resistance levels near the price, as the company is making its record highs.

The investors are a bit worried about the large volumes as the price is going up, so a large correction may occur this week, with the price reaching $19 or even $17.

Meanwhile, the short float is just 2.44%, and the investment fund share is 2.27%.

Disclaimer

Any forecasts contained herein are based on the authors’ particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.

Featured image courtesy of Shutterstock. 

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.5 stars on average, based on 3 rated postsHaving majored in both Social Psychology and Economics, Dmitry went on to continue his education in post graduate. He then worked as a team lead of a tech and fundamental analysis lab in the Applied System Analysis Research Institute. This helped him to acquire all necessary skills and experience to become a successful trader and analyst, as well as a portfolio manager in an investment company. Dmitry is a pro in the financial field who authors articles for various international media. He also holds the position of Chief Analyst at RoboForex.




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Recommendations

Trade Recommendation: Walt Disney

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Technical Overview

  • The Walt Disney Company has been a major laggard since topping in 2015 at $122.08. Until then, the stock had quadrupled since October 2011, finding support at a well-defined long-term trendline (green portion of upward-sloping trendline in Figure 1).
  • After the long-term trendline was broken to the downside, in January 2016, it turned into a resistance, halting the stock’s advance in 2016 (red arrow).
  • The $90 is a significant long-term horizontal support (bright blue horizontal trendline).

Figure 1. DIS 4-day Chart

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  • DIS often reverses after well-defined patterns are formed. Just in the last 2 years, the stock had reversed after forming an upward-sloping trading channel (purple trendlines in Figure 2) and 3 H&S patterns (bright blue trendlines and arrows).
  • For the past 2 months, the stock oscillated within a 5-dollar horizontal trading range ($97.70 to $102.70 violet horizontal trading range). Yesterday (May 16), the stock broke decisively above the upper boundary of the channel.

Figure 2. DIS Daily Chart

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  • The most significant technical development has been the formation of a large 3-year triangle (lower boundary of triangle – green trendline, upper boundary – red trendline, Elliot waves – A-B-C-D-E – in Figure 3). Wave E overshooting the lower boundary of the triangle, while remaining above the low of wave C, is a common occurrence of the final wave of the triangle. Note, the trendlines in Figure 3 should be drawn slightly differently if they were to connect the lows of the waves. This, however, has no implications as the slopes of the boundaries of the triangle are nearly identical irrespective of the way they are drawn.

Figure 3. DIS 2-day Chart

Implications

  • The breakout above the 5-dollar trading range activated an upside target of $107.70.
  • Due to the lack of major resistance areas between $107.70 and $110, the stock is expected to at least move up to $110.
  • If the large formation is indeed a triangle, a breakout above the upper boundary (red trendline) may lead to a sharp leg-up.

Outlook

  • Short-term bullish as long as the stock remains above the upper boundary of the horizontal trading channel (i.e. above $102.70). Neutral if the stock moves back within the trading channel. Short-term bearish below the lower boundary ($97.50).
  • Long-term neutral with a bullish bias within the large triangle. A break above the red trendline will shift the long-term outlook to outright bullish. Moderately bearish if the stock breaks the low of wave C ($96). Outright bearish if the stock breaks below $90.

Trade Recommendation

  • Buy half a position at current levels ($104.34 at EOD on May 17). Buy another half if the stock breaks the upper boundary of the triangle (currently at roughly $112).
  • Target: Half at $121 (just below prior all-time high). Half at $140 (projecting $30 from the point of the breakout).
  • Stop: A close below $96.

Disclosure: Small stock/call positions. May add to position at any time.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.8 stars on average, based on 12 rated postsPublished author of technical research. In his work on price “gaps”, published in the 2018 International Federation of Technical Analysts’ Annual Journal, he developed a new technical tool for analyzing and trading the “gap” phenomenon – the “K-Divergence” (http://ifta.org/public/files/journal/d_ifta_journal_18). Besides obtaining a Master in Financial Technical Analysis, he has completed a BBA and an MBA from the Schulich School of Business in Toronto and has completed all exams for the CFA, CMT and CFTe designations. Currently, providing research to investment management and financial advisory firms. http://www.linkedin.com/in/konstantindimov




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Trade Recommendation: Hologic

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Technical Overview

  • Hologic’s stock nearly quintupled from its 2009 low to its high in 2017. During the 2009 – 2014 period, the stock moved higher supported by a trendline connecting more than half-a-dozen important lows (support – green trendline; lows – green arrows in Figure 1, currently at roughly $28.50).
  • In 2014 the stock broke above the $24 level (orange horizontal trendline), and moved sharply higher over the next year.
  • After breaking above a short-term resistance in mid-2016 (red arrow), the stock has found support at the $35 level on 3 occasions (violet trendline and arrows).
  • An intermediate-term trendline has supported the stock during most pullbacks over the past year (bright blue horizontal trendline).

Figure 1. HOLX Weekly Chart

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  • The daily chart reveals two important price gaps. The up-gap in November’16 (green arrow in Figure 2) and the down-gap in August’17 (red arrow).
  • These gaps have created two K-Divergence ranges (bullish K-Div range – green horizontal trendlines; bearish K-Div range – red horizontal trendlines). The stock has bounced off the bullish K-Div range on two occasions.
  • Since the Feb 9 low, HOLX has oscillated within a 5-dollar range ($35 – $40 range boundaries –  lower green trendline and yellow trendline).
  • Today (May 16), the stock is breaking above a small flag (purple trendlines).

Figure 2. HOLX Daily Chart

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Implications

  • The stock is expected to retest $40 in the short-term.
  • Breaking $40 will give a $45 upside target (obtained from the horizontal trading range).
  • Breaking below $35 will negate all bullish developments.

Outlook

  • Short-term bullish after today’s move above the flag.
  • Intermediate-term neutral while trading within the flag. Bullish if broken to the upside (i.e. above $40).

 Trade Recommendation

  • Buy half a position at current levels ($38.70 at EOD on May 16).
  • Buy another half upon a close above $40.
  • Target: Half a position at $42.50. Remaining half at $46.
  • Stop: Sell upon a close below $35

Disclosure: No position but likely to initiate a long stock/call position tomorrow.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.8 stars on average, based on 12 rated postsPublished author of technical research. In his work on price “gaps”, published in the 2018 International Federation of Technical Analysts’ Annual Journal, he developed a new technical tool for analyzing and trading the “gap” phenomenon – the “K-Divergence” (http://ifta.org/public/files/journal/d_ifta_journal_18). Besides obtaining a Master in Financial Technical Analysis, he has completed a BBA and an MBA from the Schulich School of Business in Toronto and has completed all exams for the CFA, CMT and CFTe designations. Currently, providing research to investment management and financial advisory firms. http://www.linkedin.com/in/konstantindimov




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Analysis

Technical Analysis: Facebook Trades Within a Bearish K-Divergence Range

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Technical Overview

  • In January 2018, Facebook’s stock peaked roughly at the same time as the NASDAQ Composite Index. The stock actually did manage to make a new high on February 1, whereas the index had already started gradually moving lower (purple arrows on both the upper and lower charts in Figure 1; upper chart – FB; lower chart – NASDAQ Composite). From February 2 through the February 9 low (bright blue arrows), the stock and the index moved mostly in tandem.
  • By the February 26 minor high (orange arrows), the stock had already started underperforming subtly. It is during the subsequent pullback, and even more pronouncedly, during the next leg-up that it became evident that the stock is severely underperforming. Figure 2 shows a note sent to my institutional clients on March 4, advising them to trim/hedge the stock. Little did I know at the time that this underperformance is likely caused by those market participants who were already aware of the brewing Cambridge Analytica Data Scandal (referred to as the “Data Scandal henceforth). Shortly after, on March 19, the stock plummeted on reports that the company is linked to privacy violations and potential political manipulation (white arrow in upper chart).
  • The stock declined severely over the next eight trading sessions, eventually finding its footing after retesting a key support (green trendline in Figure 3).
  • On April 26, the stock gapped up after reporting a 49% revenue growth in 1Q18 (green arrow in upper chart in Figure 1). Since then, the stock has continued climbing, supported by the strength of the broader markets.
  • Last Thursday (May 10), the stock entered a bearish K-Divergence Range (violet horizontal trendlines in Figure 4). The implication is that market participants are now given a second opportunity to sell the stock at pre-Data-Scandal prices with post Data-Scandal information. After all, who wouldn’t have sold the stock in early March in the $184 – $195 range had they known about the looming Data Scandal. Of course, in this case, such analysis is not perfect as there has also been a stellar earnings report since news about the Data Scandal had surfaced.

Figure 1. FB & NASDAQ Daily Chart

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Figure 2. March 4, 2018 – FB Recommendation

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Figure 3. FB 2-day Chart

Figure 4. FB Daily Chart

Implications

  • The stock is expected to pull back once bullish momentum from Q1 2018 subsides. One should look for a sell signal within the bearish K-Divergence Range as a confirmation.
  • Minimum downside projection of pullback would be $170. Further down, the stock may potentially close the 1Q18 up-gap.
  • Strong post-earnings moves are often supported by the 8 EMA. A break below it may indicate that the stock is losing steam.

Outlook

  • Neutral with a bearish bias within the bearish K-Divergence Range.
  • Potentially short-term bearish below its 8 EMA.
  • A close above $195.32 should negate the bearish implications.

Disclosure: Small put position initiated today. Likely to add if the stock moves closer to the upper boundary of the range (as the risk-reward of the trade will improve at higher levels – $195.32 stop) or if it forms a topping pattern. In both cases will likely wait for a break below the 8 EMA.

Trade recommendation to be published once a clear sell signal transpires.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.8 stars on average, based on 12 rated postsPublished author of technical research. In his work on price “gaps”, published in the 2018 International Federation of Technical Analysts’ Annual Journal, he developed a new technical tool for analyzing and trading the “gap” phenomenon – the “K-Divergence” (http://ifta.org/public/files/journal/d_ifta_journal_18). Besides obtaining a Master in Financial Technical Analysis, he has completed a BBA and an MBA from the Schulich School of Business in Toronto and has completed all exams for the CFA, CMT and CFTe designations. Currently, providing research to investment management and financial advisory firms. http://www.linkedin.com/in/konstantindimov




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