This Pharmaceutical Stock Is In Play: Here’s The Trade
InTheMoneyStocks.com | Apr 03, 2019 02:05PM ET
Tandem Diabetes Care (NASDAQ:TNDM) manufactures and develops medical devices for those with insulin-dependent diabetes using its micro-delivery technology. The stock has been pulling back since March 22, 2019 when it traded as high $74.77 a share. Since that recent pivot top, the stock has pulled back and is now trading at $60.33 a share. Traders and investors should note the gap-fill window around the $50 level on the daily chart. That level should be solid support. There was sideways consolidation around $50 before the gap higher breakout move in late February 2019, which will make this a good support level when tested. At this time, the company is scheduled to report earnings on April 25, 2019.
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