The Hourly View for EXAS
At the time of this writing, EXAS (Get Ratings)’s price is up $3.06 (2.59%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
EXAS’s Technical Outlook on the Daily Chart
At the time of this writing, EXAS’s price is up $2.3 (1.92%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as EXAS has now gone down 4 of the past 5 days. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Exact Sciences Corp’s price action over the past 90 days can be seen via the chart below.
For EXAS News Traders
News traders keeping an eye on EXAS may find value in this recent story:
While the market driven by short-term sentiment influenced by the accommodative interest rate environment in the US, virus news and stimulus spending, many smart money investors are starting to get cautious towards the current bull run since March and hedging or reducing many of their long positions. Some fund managers are betting on Dow hitting […]
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