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,
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