E Edwards Lifesciences: Near-Term Techno-Fundamental Metrics

Conversely, if EW falls, I would wait for it to break its support levels of $76.03 and $75.60. Below these levels, it looks like a shorting candidate for a 1–2% gain.

If I were a short- to medium-term investor who just cannot wait, I would buy it at its current price and sell November $80–83 calls to hedge my positions.

This is my trading and investing strategy for EW in the near term.

1 2 3
View single page >> |

Disclosure: I have no position in the stocks discussed, and neither do I plan to buy/sell it in the next 72 hours. I researched and wrote this article. I am not being compensated for it (other ...

more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
William K. 3 months ago Member's comment

So we can see, at least from where I stand, that sales remaining flat is not so very bad if one is doing quite well. Growth is not always a required condition to be doing well. I do realize that this may be an unpopular opinion.

Sunil Tinani 3 months ago Author's comment

Agree. When current growth is flat but prospects are great, one can always invest in a SIP

Mad About Money 3 months ago Member's comment

Interesting perspective. I had never really thought about it quite like that.

William K. 3 months ago Member's comment

I understand that mine is not a common point of view. And I also appreciate that it has not been attacked for being so different.