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published in Blogs

Feb 28, 2019

Exelixis gets a bullish signal as it hit the lower rail of an upward sloped channel

Biotech firm Exelixis (Nasdaq: EXEL) has been trending sharply higher since the end of October and a trend channel has formed that defines the up and down cycles within the overall upward trend. The lower rail of the channel is formed by the lows in October and December while the upper rail is formed by the highs in December and January. The stock has been grinding sideways with a slight downward bias since mid-January and that has allowed the lower rail of the channel to catch up to the stock price.

With the stock hitting the lower rail it looks as if the next upward cycle is underway. We see that the daily stochastic readings made a bullish crossover on February 25 as the stock moved back above its 50-day moving average.

The upward cycle that started in October and ended in early December saw the stock gain over 65% from the high to the low. The upward cycle that started in late December and ran through mid-January saw the stock gain over 40%. Expecting another move like that might be asking too much, but it isn’t out of the question.

The Tickeron AI Prediction tool generated a bullish signal on Exelixis on February 22. That prediction came with a 75% confidence level for a move of at least 4% to the upside. Previous predictions of this nature have been successful 84% of the time.

The company’s fundamentals are really good as earnings and sales have grown tremendously in recent years. Earnings have grown by an average of 503% per year over the last three years while sales have averaged annual growth of 193% over that same period.

Exelixis sports a return on equity of 56.7% and a profit margin of 35%. The company has no long-term debt.

Related Tickers: EXEL

John Jacques

published in Blogs

May 16, 2022

A.I. Stock Market Predictions: Head & Shoulders

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Edward Flores

published in Blogs

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Sergey Savastiouk

published in Blogs

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When Is the Next Recession Coming?

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Sergey Savastiouk

published in Blogs

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Dmitry Perepelkin

published in Blogs

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To consistently make money in this industry, you need emotional fortitude, an analytical mind, and a willingness to self-reflect. Despite trading and investing being two different activities, these principles can be applied to both.Conversely, investors with good habits often become great traders. Rather than full sentences for titles, we’ve labeled each of our top-five investing habits using a single word principle.

Allana

published in Blogs

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Sergey Savastiouk

published in Blogs

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4 Tips for Fast, Effective Stock Analysis

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Sergey Savastiouk

published in Blogs

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5 Golden Principles in Investing

You have enough faith in that stock, based on research, that the return will equal or exceed the investment. Do unto others.The principles outlined here will ensure that happens. Principle #1: Diversification Investors can’t be one-dimensional when constructing a portfolio.

John Jacques

published in Blogs

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If Hedge Funds are Using AI to Invest, Why Shouldn’t You?

Some of the world’s biggest financial institutions have devoted multi-million dollar budgets to developing algorithms that can find patterns in the market, identify trends, and perform automated trading designed to take advantage of even the smallest price movements. The AI revolution is so big that as it stands today, the world’s five biggest hedge funds all use systems-based approaches to trade financial markets.Indeed, quantitative trading hedge funds now manage $918 billion (according to HFR), which amounts to 30% of the $3 trillion hedge fund industry – a percentage continues to grow with each year that passes.

Sergey Savastiouk

published in Blogs

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The five most important Lessons Learned After 10,000 hours of Trading

Ten thousand hours of active trading, broken down into forty-hour weeks, amounts to almost five years. Having surpassed that milestone myself, I now understand why it's significant for any trader's journey. The early years taught me valuable lessons that have shaped my approach to trading. It's a misconception that great traders are born with innate talent. The truth is that it takes years of...