$NEO Trade setup for MondayEntry level $ 27.13 Target price $30.15 = Stop loss $26.31
Bullish golden cross
Bullish up trending channel.
Breakout level $27
6% short interest
Company profile
NeoGenomics, Inc. is a clinical laboratory, which specializes in cancer genetics diagnostic testing and pharma services. It operates through the following two segments: Clinical and Pharma Services. The Clinical Services segment offers clinical cancer testing services to community-based pathologists. The Pharma Services segments supports pharmaceutical firms in their drug development programs by supporting various clinical trials and research. The Clinical Services Segment provides various clinical testing services to community-based pathology practices, hospital pathology labs and academic centers with reimbursement from various payers including client direct billing, commercial insurance, Medicare and other government payers, and patients. The Pharma Services segment: provides comprehensive testing services in supports pharmaceutical clients' oncology programs from discovery to commercialization. Its services include cytogenetics, fluorescence in-situ hybridization, flow cytometry, immunohistochemistry, anatomic pathology and molecular genetic testing. The company was founded by Michael T. Dent on October 29, 1998 and is headquartered in Fort Myers, FL.
NEO trade ideas
NEOUSD: NEO Trending Market?! Follow Trend?!The market is going downward on NEO daily chart. It made lower lows and lower high and there is the old saying: “the trend is your friend”. Thus I am going to follow that trend.
The price is going up last few days and making its correction move and sooner the sellers will step in and the buyer start taking their orders. Those scenarios will push the price down and this is where I am going to sell as well. Moreover, there is a resistance level at 9.30, which is also same area as fibo 50%. The combination of both give a good probability setup.