EW - Edwards Lifesciences Corp Looks Bullish (Technical Analysis)
2024-06-22 04:43:50 ET
Summary
- Investment opportunity in Edwards Lifesciences Corporation.
- Bullish signs on technical analysis: bouncing off rising 30-week EMA, cup with handle formation, bullish momentum, institutional buying, and improving relative strength.
- Potential 42% gain if EW breaks above $95 level, with a stop loss strategy of selling if it closes below 30-week EMA.
In this article I will outline the investment opportunity in Edwards Lifesciences Corporation ( EW ). This company is in the health care equipment industry and has some bullish signs according to technical analysis. I will analyze the price action, price pattern, momentum, volume, and relative strength of EW. This article will mention a potential price target and a stop loss in case my analysis proves incorrect. Let’s look at Chart 1....
Edwards Lifesciences Corp Looks Bullish (Technical Analysis)