$TMDX – WATCH: Retest of Turn or Pivot

Base Count

I actually just sold this one in anticipation of a market correction. It still may, but I should have held this a little longer. Last week it made a nice break out of the Base 1 Cup & Handel. Keep on watch for a retest of the turn or pivot if the market does pull back.


Still not profitable but have shown good margin growth moving closer to profitability. Last quarter was good EPS expansion. This could be the making of a turnaround play.


$TMDX has a big RS of 92.9% above the Health Care sector. The Health Care sector is 18.37% above the SPX. The sector is slightly stronger than the overall market, but this is very strong withing that sector. I had originally bought at the pivot but sold before that breakout. However, the BO was on declining volume, so there may not be much conviction in the move. If the market does retest prior lows, then I may get a chance to re-enter.

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