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Fulgent Genetics, Inc.

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FLGT trade ideas

In the time stress there is always a refuge! We are being bombarded by news from a new C-19 Variant. Market has reacted harshly to the news and S&P 500 dropped significantly. It was one of the most volatile black Fridays on the record! However, there are few stocks mostly the shining stars of pandemic that are lucrative to buy right now. I have been obsessed with FLGT. That is evident by just looking at my profile. You may ask why I am coming back and making the case for them right now. One: there is nothing better to buy right now. Stock market mostly is having a pull back and there are very few "pandemic stocks" with sound fundamentals. Your alternatives are likes of PTON and Roku and ZM. They may look better or worst on the chart but are not as good fundamentally as FLGT. During the time of stress only those will survives that have positive cash flow and some savings in the bank. Just look at late 90s tech bubble for example. Your survivors were AMZN and Yahoo (back then it was king of search engine) and etc, they had enough money that investors testament didn't matter much in their survival. So back to FLGT, we have a significant resistance at 103 may this resistance point becomes a support on Monday and gets defended on Tues, there is a very good chance that 110 level will be conquered as it is not as strong a resistance point. Past that point I think the pathway to 116-120 level is clear. As always do your own research!
NASDAQ:FLGTLong
by alitrader007
1
FLGT Round 2I have been following and holding position in FLGT for past few weeks now, while every article here and elsewhere on the web point to FLGT being very bullish (frankly, past 2 weeks I only came cross 1 or 2 twits or post shorting FLGT), investor haven't been able to enjoy any return beyond 120 level. So, what is going on one might ask? FLGT has 2.8B market cap as of now, according to latest data from Nasdaq 1 billion of it is held with institutions (more than 1/3). Recently we have been through some turbulence in the market. The rotation in and out of sectors now happens on daily and weekly bases and be honest with you I don't see much of stability one way or the other in this market. Many of these institutions (especially smaller ones), have to capitalize on small gains from FLGT in order to maintain liquidity to work around other positions which may not be in good shape at the moment. This behaviour is obvious by how FLGT recently moves independent of the market and health care sector. Secondly, since the run up to 122 level, the volume in FLGT is oddly low. This indicates that FLGT is being traded on back of retail traders rather than institutions. Investors (not day traders and swingers) still have their hands in their pocket and waiting for improvement or collapse in the market or clear up or down trend in FLGT. It goes for both bears and bulls, as daily short volume is also flat! Stock prices are driven by supply and demand, volatile stocks attract short term traders and companies with solid foundation attract investors. FLGT is both volatile (at least for now) and has solid fundamentals. Hence the holders of the stock are not selling, and day traders really keep the stock within certain levels upon volatility in stock price and at key price levels. So, I have decided to hold some of my FLGT shares for long term and swing trade with other portion of my shares between key level. At this time FLGT RSI is holding key levels, however it is clear that we are in a giant side way base rather than an uptrend. Previously there was break through at 120 resistance level however it was not sustainable. On this upcoming run up, FLGT needs to hold above 125 resistance level to establish bullish up trend. It doesn't seem achievable under current market conditions. However, market changes drastically these days and health care sector has started to attract some traction recently. So anything can happen.
NASDAQ:FLGT
by alitrader007
2
Broke up from channelEarnings soon so may pull back again before then. Conflicting info on earnings Earnings whispers says 8-5. TradeView says 8-9. They are expected to beat but market reaction is the key. Shot interest is still high but decreasing slowly, but still high at 27.98% Negative volume remains high. I am guessing this one is a "fly by the seat of your pants" type of thing. No recommendation. I bought it at the bottom and has been very good to me so far. Pull backs are common when close to or at earnings, and after )o". Keeping an eye on overbought conditions
NASDAQ:FLGT
by lauralea
2
ABC BullishThis one broke up from what appeared to be a bear pennant. Short interest is over 30% which scared me when I got in this close to C because short interest was even higher then. That is when I turned this into a bear pennant in my mind verses a triangle. The pole down was not too straight and when price started breaking the top trendline, in my mind it became a triangle. It is amazing what your mind can do but I am like "why are the shorties all over this?" And we may find out! The short interest being so high has made me hesitate on posting this for quite a while. A bear flag or pennant is opposite of a bear flag or pennant. The bear version occurs after a sharp move down and there is a pole as well just the pole goes downward. The flag or pennant will usually slope up against the overall trend. Borderline overbought right now on daily RSI with RSI on 80 verses 70. Not on weekly or monthly RSI. If a security is kicking booty, sometimes folks wait on an overbought reading on daily, weekly and monthly, and even then, if the market is extremely bullish, it can remain overbought for a while. Negative volume has stayed extremely high on this one showing big money is interested...and is what kept me in as this one has some substantial pull backs. Maybe it just seems that way when you are in it. LOL I may should have turned that orange line green if it becomes support. Too so to tell but it was resistance. When price crosses resistance, it becomes support and vice versa. Picking a long entry level that works for you can be important to hanging on. No recommendation and short interest actually has increased 1% today )o: I pay attention to short interest as folks who are good at shorting are usually.. well... good at shorting.. lol EPS (FWD) 4.59 PE (FWD) 17.96 Fulgent Genetics, Inc., together with its subsidiaries, provides COVID-19 testing and genetic testing services to physicians with clinically actionable diagnostic information. Its technology platform integrates data comparison and suppression algorithms, adaptive learning software, and genetic diagnostics tools and integrated laboratory processes. The company primarily serves insurance, hospitals, and medical institutions. It sells its tests through internal sales force, as well as through independent sales representatives in the United States and internationally. Fulgent Genetics has collaboration with PWNHealth to provide at-home COVID-19 test capabilities. The company was formerly known as Fulgent Diagnostics, Inc. and changed its name to Fulgent Genetics, Inc. in August 2016. Fulgent Genetics, Inc. was founded in 2011 and is headquartered in Temple City, California. Hide
NASDAQ:FLGT
by lauralea
1
FLGT BUY/LONG NOW READY! 66.00 to 152.00 by August 2021!TICKER CODE: FLGT Company Name: FULGENT GENETICS, INC Industry: US Stocks Health Services Medical/Nursing Services Position Proposed: BUY (66.50-67.00) BUY ENTRY: READY (66.50-67.00) 1st Partial Take Profit: 81.35 (July 2021) 2nd Partial Take Profit: 118.00 (End July 2021) 3RD Partial Take Profit: 152.00 (August 2021) Stop Loss: 46.00 Technical Analysis 1. Falling Wedge PATTERN (PARTIALLY COMPLETED) 2. Area of Confluence on EMA & Trend line & Structure level 3. Fibonacci Retracement at 0.786 4. Safest Take Profit will land at next key structure level 5. 2nd Take Profit will land at the 2nd key structure 6. 3rd Take Profit Profit will land equivalent to the Flagpole length and at key structure level.
NASDAQ:FLGTLong
by traderprosignals