Transenterix stock is coming off a 50 percent retracement after the stock exploded higher from FDA approval of its Senhance Robotic Surgical System. This is the first FDA surgical robotic system approval in two decades.
Mannkind Corporation stock has done a 38.2 percent Fibonacci Retracement on a new Buy rating on the stock. HC Wainwright picked up coverage of the stock and issued a Buy rating on Tuesday, October 10, 2017.
Iamgold has pulled back to its 38.2% Fibonacci Retracement level. Personally I’m not very good at swing trading gold and silver but I wanted to make you aware of the Fibonacci Retracement setup. I did a stock trading lesson on Fibonacci Retracements here.
Iamgold Corporation is a Toronto-based international gold producer that has an annual production of approximately 800,000 ounces of gold from operations in North America, South America, and West Africa.
A pullback is taking place, which may present an opportunity for an entry off the 38.2% retracement level. There is a very little resistance above the current price.
Zions Bancorporation stock has pulled back to the 38.2% Fibonacci retracement level and looks to be attracting buyers off this level.
Compared to an average industry price book ratio of 1.63, ZION is valuated rather cheaply. On top of this, ZION is cheaper than 87% of the companies listed in the same industry. The low PEG Ratio indicates a rather cheap valuation of the company.
With a Price/Earnings Ratio of 19.86, ZION is valued on the expensive side.
Measured over the past 5 years, ZION shows a very strong growth in EPS. The EPS has been growing by 27.95% on average per year.
Zions Bancorporation Stock
In addition to the 38.2% Fibonacci retracement, the Effective Volume study shows that large players volume has been slowly rising.
Zions Bancorporation stock has a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at $44.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 43.77, a stop order could be placed below this zone.