SI-BONE (SIBN) - Trade Stocks


By Thu, Mar 25, 2021

Today’s Chart of the Week comes from our acclaimed Under the Hood Report, which tracks and aggregates unusual increases in investor interest for stocks.

The UTH report flagged SI-BONE (SIBN), a small cap medical equipment stock.

We’re seeing a completion of a consolidation at $33.

But that completion requires SIBN being above $33.

So if we’re above that level, I love SIBN long with a price target of $49.

We’re seeing a lot of false starts lately, so be patient with this one and let’s confirm that $33 level before riding it for 50% (ish) gains.

Til next week, good trading,

JC Parets

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About the Author

JC Parets, founder of All Star Charts, specializes in finding the most opportunistic risk vs. reward propositions while at the same time bringing a top/down approach to the marketplace whose wide spectrum is rivaled by few. JC begins with a long-term global macro perspective and then works his way down to the individual sector and industry level before ultimately isolating the stocks that best portray a particular thesis. Price is the most important technical indicator, but JC uses supplements such as Momentum, Relative Strength, and Fibonacci analysis to complete the process.