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Genomic Health Inc. Message Board

  • madmanshooter madmanshooter Jan 19, 2014 10:40 PM Flag

    Worry about the chart

    I am a perma-bull on GHDX, but am a little concerned about lower higher and lower lows. Feel free to make me feel better with your explanation.

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    • madman ...
      I have been charting for 30 years and you are correct about the 1 year chart ,,,,, but when I am charting ,, My #1 rule is the long term chart always takes priorites over short term .. if you look at the max chart you can see the trend is still upward so the value on this company 's chart is minimumal value especially since there is huge inside buying , which doesn't show on the chart ... as Frank said the news around the company is much stronger than the chart.. I know this maybe as clear as mud .. but the bottom line is that the chart is telling you the the stock is a screaming buy @ 28 and a partial sell @ 35... good luck

      Sentiment: Strong Buy

    • The way I see it, it's being accumulated before prostate numbers start blowing away previous company revs. Prostate cancer is the perfect target for this test because it provides clarity on treatment involving men. Rather than dive into chemo and radiation, some can be monitored safely without all that damage to the body. Those that need chemo/radiation, get affirmation about their plan of attack. Then there will be repeat sales to monitor treated and untreated. As far as the chart, it's a perfect cup and handle with an upside of 55+ near-term. Reverse head and shoulders has shaken out all but hardcore now, and it's just getting started. Remember, the float is low. Institutions own 86% of the company and 107% of the float. Bakers own nearly 50% and just keep buying. Fidelity owns another 7%. Tremendous value in genomic mapping with GHDX blazing the trail. Fundamentally, within 2 years and $1 billion in sales, this will trade at 150.

      Sentiment: Strong Buy

26.60+0.35(+1.33%)May 27 4:00 PMEDT