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.

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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 ...

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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.