iRhythm Technologies Inc. (NASDAQ:IRTC)

Strategy Session July 17th, 2020

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Strategy Session
July 17th, 2020
   01:05
Bands Volume 200 SMA 50 SMA 20 SMA Videos Alerts Articles Events
IRTC Weekly Chart

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  • bRobert: $EW moving towards the top Flag trigger $130 $1260+ potential longer term $MDT $125/$150 Easy to hold $115 soon 200d ceiling $IBB $150 reversal base 200d ceiling $143 speed bump Trigger > 20W ceiling $IRTC $200/$240 targets 20d bounce
  • Motorman: $IRTC Nice move on medicare update. NP
  • bRobert: @Motorman $IRTC I lost track of this one At a profit zone Gap filled but big reversal base potential to $200+ Watching now
  • Motorman: @bRobert $IRTC Yes, this one of yours 2020 picks. Quite the move down from then 280 to 40. Will put on radar.
  • zimzala: $IRTC May be one to watch in the morning for a #59minutetrade on CEO resignation. No position.
  • shoredriver: $IRTC.....down 35% on medicare reimbursement issues.....np
  • heyjack: $IRTC big drop
  • bRobert: $IRTC STOPPED out earlier for smaller gain (215 entry) WATCHING
  • Dig44north: @bRobert $IRTC ditto, small loss
  • shoredriver: $IRTC....down41%....watching for entry.......
  • Margi1983: @shoredriver $IRTC Broken stock. Well below this 6 month trading range box. Careful out there.
  • Ajax4Hire: @shoredriver $IRTC Noooooo! $IRBT - iRobot down, wait, $IRTC - iRhythm Technologies; I don't own $IRTC; I also don't own a $IRBT; I do own a cheap knock-off iRobot vacuum. Nevermind. We call our iRobot vacuum, Jerry, long story; you will have to get me drunk to tell it:)
  • shoredriver: @Margi1983 $IRTC ...operative word...watching......
  • shoredriver: @Ajax4Hire $IRTC $IRBT ....Whatever you are smoking...it is not working......
  • bRobert: $ABMD. up pre on earnings. I had taken partials prior WEEKLY. C&H $450+. Higher long term potential. $IRTC. breakout to nh intraday pullback retest. Look for the bounce Long. $320/$500 $VRM. WEEKLY. reversal. W. Look for. move. 20 WEEK. and W. trigger. $55/$75 . potential longer term
  • bRobert: $IRTC. boom. Breakout retest/bounce. $320/$500+. WEEKLY. C&H. STRONG. and definitely in a bullish rhythm Posted the add /entry yesterday
  • bRobert: $IRTC. nh. $320/$500+. Reports ? March Strong earnings/revenue growth Under the radar small cap winner Longer term hold
  • bRobert: $IRTC breakout retest Retest of inv H&S top as well 20d Bounce $320/$500+ WEEKLY C&H breakout potential Daily wedge
  • Motorman: $IRTC MS upgrade, but stock down to 20 day almost
  • bRobert: @Motorman $IRTC WATCH for the bounce. retest neckline area. WEEKLY. C&H. strong
  • Motorman: @bRobert $IRTC Sounds good!
  • bRobert: $IRTC Breakout pullback retest $250 neckline ............Early bounce Will add soon Long from below Stop < 20d $320/$500 WEEKLY C&H STRONG
  • bRobert: $GH $200/$250+ potential WEEKLY C&H very polite STRONG $IRTC POWERFUL WEEKLY C&H breakout $500 $320 interim LOOK for a pullback bounce $SPOT $400/$450 WEEKLY C&H consolidation in preparation
  • bRobert: $IRTC Again I don't usually buy or recommend buying breakouts I expect a pullback retest I look to buy the bounce above the channel an A+ test that validates the breakout and defines where support is WATCHING TO ADD on the bounce $320/$500
  • Motorman: @bRobert $IRTC Just saw it, down 10, watching for bounce
  • bRobert: @Pokersmith $DXCM I like the WEEKLY $450/$500+ Small reversal /flag awaiting a trigger Still work to do but High potential $IRTC is a FAR BETTER TRADE RHRN Fresh 52 week high Pullback retest Early bounce BULLISH WEEKLY C&H BREAKOUT $500 $320 shorter term Trade what is EASY
  • Motorman: $IRTC coming in, NP yet.
  • Motorman: @bRobert $IRTC what a monster!
  • bRobert: @Motorman $IRTC Yes. NH Happy. long. $BEAT was good. This one is better $500+. target. WEEKLY. C&H. TRIGGERED. I hope others heard me Under the radar monster. I like that Same with. $MED. $300/$350 $ALGN $600/$800 . and $ABMD. $450/$525. well known. STILL with. HUGE. upside. WEEKLY. monster charts
  • bRobert: $IRTC. LOOK for. pullback retest . bounces after this. nh. BREAKOUT . WEEKLY. C&H. trigger. $500+. targets. There will be one 80%. upside. is. HUGE. This party just. got. started. The band hasn't strated playing yet. $350. interim target. Daily. high base. breakout. WEEKLY. chart was the. attraction. That's where I go. hunting. Swim with the whales.
  • Margi1983: @bRobert $IRTC Another brilliant BRobert call. And $IRTC looks like it may take out the ath today. Long
  • bRobert: @Margi1983 $IRTC I'm buying a new hat later. The old one doesn't fit anymore ;). I may ask for a raise
  • bRobert: $ABMD. Nh. Potential speed bump. here $450. target. Old. high MONTHLY CUP. has. $750. potential. after $450. cleared. $IRTC. nh. WEEKLY. C&H. breakout. $320/$500. Huge $MED. WEEKLY. C&H like breakout from MMP. $300/$350+. potential
  • bRobert: $IRTC. I'v got. rhythm. WEEKLY. C&H. is. HUGE. $500+. Daily. reversal base. $320. HUGE. UPSIDE.
  • bRobert: $IRTC. Slow orderly. walk out Reversal. $320. WEEKLY. C&H. $500+ $PII. Second. call. . $175. WEEKLY. Cup/reversal. Pullback. bounces. to add
  • bRobert: $IRTC. on. fire. I've. been covering this. one. closely. from. $215. WEEKLY. W. trigger today. $320 target and. LARGE. C&H. $560+. $280 interim. . 100% upside from. HERE. Daily. swing high speed bumps may give you a pullback. retest opportunity to. enter. this. stock. replaced. $BEAT. due to. acquisition and is. doing a great. job.
  • Margi1983: @bRobert $IRTC $BEAT Now we need to see if $IRTC can move out of the very long 6 month range it has been in. Looking for a move above 270 on volume. Long
  • bRobert: @Margi1983 $IRTC $BEAT This is a very. strong. stock. All it did was. consolidate a big. move. It is going much. higher. Patience and a position. Quite. green. already after $40. move. Faster than anticipated. I'll take. it.
  • Margi1983: @bRobert $IRTC $BEAT Of yes, I like it. It is up from 60 to 257 in 1 year. I know as a MD you understand the technology, but my discipline and the chart says that if it does not break the failed breakout of 270 from November, it may be time to take profits and move on to greener pastures
  • bRobert: @Margi1983 $IRTC $BEAT You are correct The main thing I trade is the technicals If my fundamental understanding disagrees with the technicals, I'd rather make $$ than be right $270 is a partial profit/raised stop zone Expect the expected Add on pullback bounces > $270
  • bRobert: $IRTC $40 move from entry LONG way to go $320/$500 WEEKLY C&H LOOOONG
  • bRobert: $IRTC Strong move continues > $250 neckline $260 top of range speed bump $320 Inv h&s WEEKLY C&H $500 Pullback bounces
  • bRobert: $IRTC pop to neckline of inv H&S daily $330 with trigger WEEKLY C&H = $500 $500 Long Add on pb bounces from ABOVE $250
  • bRobert: $IRTC NICE MOVE to neckline from $210 - $250 on low risk entry Partials if you like $320/$500 $500 WEEKLY C&H
  • bRobert: $irtc. Add with flag trigger $270 target 1 . $500. Weekly c&h target long term
  • lostsheep: @bRobert $MED $ALGN $SDC $ABMD $IRTC $BEAT $XLV $MOH $UNH $HUM $UNH good level for a bounce
  • bRobert: $ABMD. WEEKLY. flag. $400/$500+ $IRTC. WEEKLY. C&H. wedge. $500. $250/$320. Shorter term. STOP. < 50d. A set up given the great Risk reward Trade for the patient investor. Small to start. let it work
  • michaelH: @bRobert $ABMD $IRTC $IRTC toothpick chart
  • bRobert: $IRTC. monster move in the making. Daily. reversal. WEEKLY. C&H. $320/$500 $ABMD. $400/$500/...........higher long term. WEEKLY. CUP.&H. $ALGN. Breakout pb.............$600/$900
  • Margi1983: @bRobert $IRTC $ABMD $ALGN I am certainly an inexperienced trader ( only 4 years at this )compared to you, but I see $IRTC in the top 1/3 of a 6 month trading box, albeit a big volatile box from 176 to 260. Volume is nothing special. I see the bounce off 210 but are there better trades??
  • bRobert: @Margi1983 $IRTC $ABMD $ALGN
    IRTC. THE WEEKLY IS exceeding bullish with a $500. potential. That perks my interest strongly for a trade entry I took a partial on the pullback bounce >. the. 50d. with a stop. now. just. below. Retest of the 5 ...
  • Margi1983: @bRobert $IRTC $ABMD $ALGN $MED great answers from a great person. Thank you Dr. Robert... namesake for a fun Beatles song
  • bRobert: $MED. breakout. retest. Early bounce. daily. WEEKLY. C&H. pinch breakout. $300/$350+ $ALGN. $600 high base C&H. breakout. Flag. retest $800 - $900. WEEKLY. C&H. POTENTIAL $SDC. SPEC. $25. potential. WEEKLY. inv. h&s. Pinch EARLY. 50%. upside Short squeeze potential $ABMD. WEEKLY. C&H. breakout. $500 $IRTC. WEEKLY. C&H. Up. over. 8%. this. week. $ 500. target. Replaced. $BEAT in my portfolio and my portfolio hasn't lost a ........ $XLV. breakout to. all time highs. Many segments working Many will join the party HMOs with 50 %. upside. Most. $MOH. $UNH. $HUM. others. Pullback bounces
  • msing3: @bRobert $MED $ALGN $SDC $ABMD $IRTC $BEAT $XLV $MOH $UNH $HUM $MED - LT measured move $450 ??
  • bRobert: @msing3 $MED $ALGN $SDC $ABMD $IRTC $BEAT $XLV $MOH $UNH $HUM YES
  • bRobert: $IRTC POP $250/$320/$500 Not a shiny object Replaced $BEAT
  • bRobert: $ALGN breakout /pullback flag retest Buyers nipping $600/$900 $IRTC STRONG MOVE Very strong WEEKLY C&H $300 - $500 targets Really $ABMD $525 WEEKLY C&H like $400 SOONER than later HUGE
  • bRobert: $CVNA. Pullback bounces. $320/$400. shorts 30%+ $IRTC. WEEKLY IS. BULLISH. C&H. pinching. Daily consolidation/reversal. You can. take a. SMALL piece and let it breathe. $300. shorter term. reversal target. OR. Set an alert for $265. to catch your eye. Buy. pullback. bounce. >. $265. $350. target 1. but the big. prize. is the $500 WEEKLY C&H. target. Really. Small chip investment for me to start Breathing room. AND PATIENCE. The hardest trading tool to master
  • bRobert: $ALGN look for a pullback retest /bounce from the breakout $600 targt 1 $MED $220/$300+ C&H pinch WEEKLY Daily C&H Longer term hold $ABMD WEEKLY C&H $450/$500 WEEKLY C&H pinch breakout $IRTC WEEKLY C&H set up $300/$500
  • bRobert: $ALGN If no position, look for pullback bounces > $540 breakout area An A+ confirmation measures to $600 $800 long term Holders, Raise trailing stops up a bit more Consider a partial $ABMD WEEKLY breakout /pullback C&H $400/$450 MUCH HIGHER LONG TERM $IRTC Daily reversal $320 with trigger WEEKLY CUP $400 potential $SDC SPEC 20d bounce This trades in zig zags Zig is due with $14 target Higher highs and lows WEEKLY inv h&s with $25 potential $XRAY WEEKLY reversal/cup $75/$100 long term $JNJ WEEKLY breakout from multi year base Daily reversal $175/$200 Pullback bounces
  • bRobert: ...
    $IRTC C&H like daily BUY the flag trigger $300 target 1 with $280 speed bump $400 long term potential WEEKLY C&H
    This replaced $BEAT after the buy out offer
    $MED WEEKLY MMP C&H pinch Breakout /retest $220/$300 ...
  • bRobert: $irtc + . High high upside
  • bRobert: @bRobert $irtc $300/$500 targets. $beat replacement
  • bRobert: $MASI WEEKLY high base C&H $300/$330 dAily C&H $320/$340 Look for the zig It's time $UNH Wedge trigger daily + weekly WEEKLY C&H breakout Flag retest bounce $ISRG $900/$1000 Breakout Flag pullback $EW Nh WEEKLY reversal breakout $100/$120 $IRTC WEEKLY C&H like with MASSIVE upside $300/$400 You remember $BEAT ? Long daily consolidation Watch it $MED WEEKLY C&H pinch MMP $220/$300 $ALGN Squeeze CLOSE to rising 50d High base C&H $600 target 1 $800 long term Monster weekly $JNJ $175/$200 Look for a pullback bounce > $155 WEEKLY breakout area $ABMD Took profits on huge run Consolidation in prep for $400/$450
  • bRobert: $BEAT sold so to stay in rhythm $IRTC watching WEEKLY C&H $340+/$400 POTENTIAL
  • Henry: $IRTC was down to $185 last night. The news might be too complicated to explain. CMS assigns medicare codes to all manner of procedures. IRTC makes a device, like a Holter cardiac monitor, that the patient wears for a couple weeks, to diagnose infrequent arrhythmias. Medicare came up with 8 new codes. The fear is it will no longer be a reimbursable procedure, but the document doesn't actually say that. The company has said expects all states to adopt the codes. If any physicians in the forum think they can explain it, look starting on page 497 of 2165. https://www.cms.gov/files/document/12120-pfs-final-rule.pdf
  • Henry: $IRTC never heard of it, but it's ticker just went by on the TV down 26% in ah. Cardiac Rhythm monitor whose last news was positive out of Great Britain, early this am. Normally trades 250K share/day On 3000 shares it started it's slide. Marketwatch says 10K have traded ah. There is no news on TOS, google, Twitter or Stocktwits I would not buy it betting it was a fat finger mistake, but it's odd there is no news. At this point it is a curiosity
  • Henry: @Henry $IRTC Thefly.com says it fell due to CMS (Medicare) new rates. It could be true but Medicare rules are voluminous and complex. Maybe Artificial Intelligence didn't like the words used.
  • Herb: $IRTC 2ndary at 175. Stock near 210. Pretty good action! np.
  • DAN: ...
    $IRTC -- Fairly thin, but good setup. A move above $123.74 on volume would be a buy signal for an early buy. Alert 123.65
    $HOLX -- anatomy of building a position.
    $DXCM -- Made two trades on this for 20% and 7%. Still basing now...but this pric ...
  • spmeyers: $IRTC looks to be starting its next move higher; IRhythm sells cardiac monitoring devices. IBD article: "What we're seeing through this pandemic is an acceleration of people adopting these remote-monitoring capabilities and telemedicine," Deka said. "Eventually, virtual care is going to underlie every facet of health care. Over the next 10 years we should see that, and we are in very early days."
  • bRobert: @spmeyers $IRTC I like the WEEKLY. $170 target. np $BEAT. Technically. inferior . Under repair Long term bullish. $75+. W target
  • captron: $BEAT $IRTC - Both are laying down a base. Earnings are behind both. Long $BEAT
  • bRobert: @captron $BEAT $IRTC Long beat from below $80. long term $56. target 1
  • captron: $IRTC - Needs to run sideways for awhile.
  • bRobert: @captron $IRTC Like this one for a while Low volume consolidation sideways Hope $BEAT takes notice
  • captron: @bRobert $IRTC $BEAT I think IRTC is little farther advanced in what they can do. Correct me if I am wrong. I have both which debeers would say is not diversified.
  • bRobert: @captron $BEAT M top. $38. and below. Watch list for later $IRTC. the star. $150. target
  • greenpatrol: $IRTC just triggered an inside month and up at 90.00
  • Vhuante: $BEAT still being pulled down by news around competitor $IRTC? I'm not seeing any other news
  • bRobert: @Vhuante $BEAT $IRTC WEEKLY intact. No entry yet.
  • bRobert: $IRTC This stock has a good sense of rhythm. Earnings pop $100+ close $BEAT Also very good rhythm stock
  • bRobert: $IRTC setting up
  • bRobert: $IRTC Get in rhythm with this winner. Weekly chart
  • spmeyers: $IRTC -- holding up very well at the 50-day; watching for phase 3
  • pilotski: I am considering buying $IRTC do you think this is a good entry point?
  • sierramp: @pilotski $IRTC Recent IPO, small cap, uptrend, small float fit some of Minervini's criteria. Street Quant ratings rates it a D+ SELL but not sure that's relevant to a spec stock. It's not falling off in today's market selloff. I'd like to hear what others think.
  • sierramp: @pilotski $IRTC BTW, it reports in a week so there is some additional risk.
  • pilotski: @sierramp $IRTC aha good point
  • tjv821: $irtc anyone else in this 10 day ma didn't hold and a long way from the 50 day was a great uptrend
  • DAN: @tjv821 $irtc Broken stock Last 3 days have been important selling. No idea how low is can go...perhaps a bounce at $35....but it's a busted stock and I wouldn't personally be holding it.
  • tjv821: @DAN $irtc Tks Dan for helping
  • Bridget: $IRTC this #ipo is still working. I got in after earnings. $PTHN also working
  • stevef214: @Bridget $BABA $FB $AMD $DOW $SLCA $GRMN $PWN $FISV $CNI $LNT $FMSA $MMM $QVCA $FSLA $CSIQ $JASO $JKS $SND $IRTC $PTHN $PEN $CNDT What do you think of $BABA today. It's down but holding the 8EMA? Is this a god place to add?
  • Bridget: ...
    $IRTC - working
    $PTHN - working
    $PEN - up at all time high but looks like it might need to rest before the next move higher
    $CNDT - split -off, new all time high after earnings
  • Bridget: $IRTC bullish engulfing candle after earnings, really good momentum. New all time high. Seeing good volume since 2/7. #ipo
  • Bridget: Notes: IPOs at or new all time highs - $IRTC, $BL, $TTD, $ASIX, $TRVG, $BATS, $TWNK, $INVH, $TUSK, $SUPV Many stocks coming out of high bases - $CC $GRPN $AMGN $OCLR $XLP - some safety stocks way up $CLX $KMB $CL $PG Storage up - $CUBE $PSA $EXR Garbage collection up - $WM $WCN $RSG Solar Strong and coming off a base- $TAN $JASO $JKS $CSIQ Sin stocks: PM MO - moving higher Also with $BUD $STZ and $TAP $BWA - nice cup pattern, at 52 week high $XLNX - also working on cup and handle pattern $CHRW - nice cup and handle on weekly Breakouts $DVA , $SWKS, Squeezing: $KR, $TWX, $JNK, $COR, $ALXN
  • Bridget: $IRTC #ipo new all time high today. Moving up toward ER on 2/15
  • Bridget: $IRTC biotech #ipo hitting a new all time high on good volume
  • Bridget: $IRTC this biotech #ipo is nearing all time highs in a upward trending wedge.
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Stock Price $90.39
Change 3.11%
Volume 518,046

iRhythm Technologies Inc is a commercial-stage digital healthcare company redefining the way cardiac arrhythmias are clinically diagnosed by combining wearable biosensing technology with cloud-based data analytics and machine-learning capabilities.

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