INMD - Watch out for upcoming pre-earnings guidance! Will it push to 40 or bring it back into range?
- INMD tends to have guidance to earnings 2 weeks prior. Current earnings is slated for 27 July, which means guidance could come out next week.
- Current price action has been positive and a good bounce off the range breakout and backtested at 35
- Note recent earnings reaction was high of 38.
- Current price action has been positive and a good bounce off the range breakout and backtested at 35
- Note recent earnings reaction was high of 38.
Positive reaction
- Bull flag play out to 39/40 and possibly 42.44
- Bull flag play out to 39/40 and possibly 42.44
Negative reaction
- Bring it back into range down to 32
- Bring it back into range down to 32
Exciting counter for me. Options expiry is 21 July.
Good luck, all!
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