There is no doubt that 
FLGT got way ahead of it's self. It had a big pullback to just below the .618 trace area. It also sold off on better than expected earnings and revenue growth. I have an alert set just above the 50 Day SMA. If / when it crosses there I'll be looking for a logical entry and then set my stop below the 50 day... All TBD. Ideas, not investing / trading advice.
from Earnings Whisper:
Fulgent Genetics (FLGT) reported Quarter December 2020 earnings of $6.12 per share on revenue of $295.0 million. The consensus earnings estimate was $4.36 per share on revenue of $199.4 million. The Earnings Whisper number was $4.40 per share. Revenue grew 3,417.1% on a year-over-year basis.
The company said it expects 2021 earnings of approximately $12.50 per share on revenue of approximately $800.0 million. The current consensus earnings estimate is $12.35 per share on revenue of $600.24 million for the year ending December 31, 2021. The company said it expects first quarter revenue of at least $325.0 million. The current consensus revenue estimate is $245.05 million for the quarter ending March 31, 2021.
FLGT got way ahead of it's self. It had a big pullback to just below the .618 trace area. It also sold off on better than expected earnings and revenue growth. I have an alert set just above the 50 Day SMA. If / when it crosses there I'll be looking for a logical entry and then set my stop below the 50 day... All TBD. Ideas, not investing / trading advice.from Earnings Whisper:
Fulgent Genetics (FLGT) reported Quarter December 2020 earnings of $6.12 per share on revenue of $295.0 million. The consensus earnings estimate was $4.36 per share on revenue of $199.4 million. The Earnings Whisper number was $4.40 per share. Revenue grew 3,417.1% on a year-over-year basis.
The company said it expects 2021 earnings of approximately $12.50 per share on revenue of approximately $800.0 million. The current consensus earnings estimate is $12.35 per share on revenue of $600.24 million for the year ending December 31, 2021. The company said it expects first quarter revenue of at least $325.0 million. The current consensus revenue estimate is $245.05 million for the quarter ending March 31, 2021.
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I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.