Welcome to Extreme Investor Network, where we provide you with unique insights and valuable information to help you navigate the world of investing. Today, we’re diving into how to leverage earnings season to make informed investment decisions based on stock reactions to reports.
When analyzing stocks during earnings season, it’s crucial to pay attention to support and resistance levels and monitor for breakouts and breakdowns as technical catalysts. One stock that has caught our attention is IQVIA Holdings (IQV), a health care services company that recently broke out above initial resistance from the daily cloud model in a bullish intermediate-term catalyst.
The breakout for IQV shows no signs of upside exhaustion, and short-term momentum is positive. Our intermediate-term gauges are signaling a potential up move with staying power. Additionally, the weekly MACD is on the brink of a buy signal for the first time since November, and the weekly stochastics are not yet overbought, suggesting further upside potential for IQV in the coming weeks.
From a long-term perspective, IQV appears to be in a bullish turnaround phase, forming a rounded bottom on the chart after a bear market cycle in 2022-2023. With a long-term time horizon, we anticipate IQV to retest final resistance near $285. Long-term support is defined by the weekly cloud model rising to around $215 next month, while short-term support lies at the 50- and 200-day moving averages near $220.
Investors looking to manage risk may consider using the $220 level as a stop-loss threshold. As always, it’s important to remember that all opinions expressed here are for informational purposes only and do not constitute financial, investment, tax, or legal advice. Before making any financial decisions, we recommend seeking advice from your own financial or investment advisor.
Stay tuned to Extreme Investor Network for more expert insights and analysis to help you make informed investment decisions. Happy investing!