SI-BONE (SIBN)
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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