I highlighted two other companies in the Friday DMR that will report their quarterly results after the bell tonight as well. You can see from the above chart that TNDM finally broke out above key price resistance at 75. As it made that absolute breakout, its relative strength also shot higher, breaking to fresh new highs vs. its medical equipment peers and the benchmark
S&P 500. This is a signal that Wall Street is favoring the company as it gets set to report results. While I expect great numbers, it's much more difficult to predict how Wall Street will react to the numbers. I believe the odds are greater that we'll see a positive reaction, but that is anything but a certainty.
After today's market close, we'll be hosting a webinar to discuss options-related selling last week and to talk more about this new service. It's a free webinar, so I hope you can join us!
Happy trading!