Oscar Health: buy signal in management, week 13
Oscar Health drops 5.1% as sellers retake control after weeks of buying
Oscar Health: buy signal in management, week 13
Our view last week
Oscar Health is in week 12 of a buy signal with the model's coverage now complete: all 3 price references have been hit and the trade is running at +122.7% since entry. The stop now trails the Inversion Point, in the 26.8 area, protecting the gain built up so far. On the technical side, the latest week accelerated, with buying volume on the rise.
This week's summary
After 3 weeks of rising buy volume, the picture on Oscar Health flips: this week the stock drops 5.1% and sellers take 82% of the tape. In our weekly technical analysis the RSI falls to 73.6 from last week's peak of 79.9 - the first breather after a long overbought run - while the ADX keeps climbing, now at 37.1: the trend still holds its conviction. The trade still sits above 111% in profit, with the stop now trailing the Inversion Point for protection.
IQS Phase
52
ordinary
Signal Strength
87
high · wide & volatile
Sizing
FULL
Ranking
#3 / 129
US stocks in progress
Trade P&L %
+111.35%
from signal to today
restricted Platinum content