As a trade, it's probably safer to wait for SDGR to break through $78 and 79, but I took a half position this week.
My conjecture is that the S1 pivot will provide stronger support, than the resistance to be faced at R1.
More importantly, I believe the broader market trend (bullish, with momentum) will help advance SDGR.
Looking for low to mid 80's target price but think it has more upside than that.
Bought shares not options on SDGR.
Note: YTD linear regression channel shows mean price of $67 currently. SDGR has been trying to move past +1 standard deviation bound since June 24th. Has been range bound since March 4 earnings release.
My conjecture is that the S1 pivot will provide stronger support, than the resistance to be faced at R1.
More importantly, I believe the broader market trend (bullish, with momentum) will help advance SDGR.
Looking for low to mid 80's target price but think it has more upside than that.
Bought shares not options on SDGR.
Note: YTD linear regression channel shows mean price of $67 currently. SDGR has been trying to move past +1 standard deviation bound since June 24th. Has been range bound since March 4 earnings release.