The TNDM (Tandem Diabetes Care Inc.) swing trade setup gapped beyond the maximum suggested entry range today, trading up over 50% on the day so far & above the first price target. The stock is on watch for another objective entry for an official trade, such as a pullback to the 0.90 support level although [...]
The following notes and stock chart provide the entry criteria, price targets, suggested stop & the suggested-beta adjustment along with some additional considerations for a swing trade in TNDM, Tandem Diabetes Care, Inc.
Too aggressive to meet the criteria for an official trade idea but for those interested, I just took a small position in TNDM at 1.01. It has been my experience that companies will often vigorously defend their stock price to keep it above the 1.00 level for several reason (avoid delisting notices from the exchange, [...]