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Biotech / Medical : Quest Diagnostics DGX -- Ignore unavailable to you. Want to Upgrade?


To: deeno who wrote (5)3/24/2015 5:09:32 PM
From: Savant  Respond to of 6
 
in re: 10 yrs....I do and did look @ that time frame..

What I see is an upper trnd line starting Sept 2007 and bottom channel trend line starting Oct 2008.

Using a candlestick chart.

What shows an almost perfect parallel channel, , bottom.trnd lines.

The bottom line is now around about $52 and the top is about $69.

I would use that as the range...of course, the pps is about 10% over the top line for the mo'

Techs are only part of the puzzle....of course.

As I think I said earlier, should be time for the pps to rest...ie retrace.

UNLESS, there're fundamentals dictating otherwise.

Known to us, or not.

PS, can draw 14 yr lower trnd line from Mar 2001 and end up about $52, also.

The upper would start around May 2001 and paralleling the lower line would end

up at about $69, also

Whenever that 14 yr upper line is exceeded...has been time to sell.
Whenever that 14 or 10 yr bottom line is touched..has been time to buy