GKOS - Glaukos Stock: Still Unproven Whether A New Bull Market Has Begun

2024-05-30 09:30:58 ET

Summary

• Glaukos Corporation has experienced two significant technical analysis developments over the past 20 weeks.
• GKOS stock price gains are being driven by strong top-line growth, but profitability trends continue to disappoint.
• A trailing stop-loss on existing positions is the best strategy here.

Glaukos Corporation Overview

We wrote about Glaukos Corporation ( GKOS ) in January of this year when we maintained our "Hold" rating on the glaucoma treatment company. Reasons for our cautious stance at the time were the stock's overextended valuation & sustained negative profitability print. As we see below, two significant technical phenomena have occurred over the past 20 weeks....

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