Technicals
-Price broke out to a new YTD High (+18.25% YTD vs. +7.06% SPX YTD)
-Support between 230.50 - 232.70
-Resistance 244.00
-Weekly Chart did form doji at the highs so there is a chance of a retracement to support.
Trade Idea
Long at support upon receiving bullish confirmation.
Recent 13F's
Third Point LLC opened small new position.
Pos. Size : 625,000 Shares valued at $141,000 (Options play)
Analyst Price Targets
Mizuho Reiterated Buy / Price Target Raised to $275
Deutsche Bank Reiterated Buy / Price Target Raised to $253
FBR Capital Reiterated Outperform / Price Target Raised to $250
Upcoming Corporate Events
James Beer (Executive VP / CFO) will be presenting at the Goldman Sachs 36th Annual Global Healthcare Conference in Rancho Palos Verdes at 8:00 AM PT on Tuesday, June 9, 2015.
-Price broke out to a new YTD High (+18.25% YTD vs. +7.06% SPX YTD)
-Support between 230.50 - 232.70
-Resistance 244.00
-Weekly Chart did form doji at the highs so there is a chance of a retracement to support.
Trade Idea
Long at support upon receiving bullish confirmation.
Recent 13F's
Third Point LLC opened small new position.
Pos. Size : 625,000 Shares valued at $141,000 (Options play)
Analyst Price Targets
Mizuho Reiterated Buy / Price Target Raised to $275
Deutsche Bank Reiterated Buy / Price Target Raised to $253
FBR Capital Reiterated Outperform / Price Target Raised to $250
Upcoming Corporate Events
James Beer (Executive VP / CFO) will be presenting at the Goldman Sachs 36th Annual Global Healthcare Conference in Rancho Palos Verdes at 8:00 AM PT on Tuesday, June 9, 2015.