LVGO Trade on Jul 7, 2020 09:33 from Cklamb: Tradervue User Stock Trades.

LVGO
Intraday Fundamentals
• MOUNTAIN VIEW, Calif. , July 07, 2020 (GLOBE NEWSWIRE) -- Livongo Health, Inc. , (Nasdaq: LVGO) today announced a preliminary financial result for the second quarter of fiscal year 2020.
• Livongo now expects revenue for the second quarter of 2020 to be in the range of $86 million to $87 million , up from prior guidance of $73 million to $75 million . The updated revenue outlook includes approximately $2 million to $3 million of items that management considers non-recurring or one-time in nature. This financial result for the second quarter of fiscal 2020 is preliminary and subject to change in connection with the completion of the company’s quarter-end closing process and the preparation of the unaudited financial statements for the second quarter of 2020.
• “Livongo’s momentum coming into the second quarter has continued, and we believe is attributed to our unique ability to deliver measurable and proven clinical and financial results at scale. The COVID-19 pandemic has only magnified the need for Livongo’s solutions, which goes well beyond remote monitoring and video visits to generate consumer directed virtual care,” said Zane Burke , Chief Executive Officer of Livongo. “The largest, most innovative employers and health plans are continuing to select Livongo due to our whole person approach to care which is accelerating our growth. Investments made in our data science capabilities are paying off in stronger than expected enrollment and Member retention as revealed by this quarter’s revenues.”
Technicals
ADV 3.38 RVOL 1.71 ATR 5.13 Short 11.55% Inst Own 76%
Daily Chart

Hourly Chart

Intra Chart

Trading Strategy-
This is looking like the is the second day of an upside breakout. This is a new name but most overnight new ATH that I have worked have all sold off for the next day.
• Look for longs at 82.50 or yesterday’s HoD this is the most likely pull back if this stays strong and the market does not sell off
• 81.50 is the after noon spike after setting in the HoD and again at 81. There is and afternoon worth of shorts under water this morning expect a move higher first before this pulls back
• PM low is just above 79
• If this holds 87 for a while look for a long, short new highs if you can get some read on the tape. When you hit the Hod you will have to hold it
Reading the Tape
I was not able to pick anything up on this tape other than general short term momentum on the T&S.
Trade Management

Trade Notes
933 am This gave me a small confluence with the SMA lining up with 88, which was more or less the PM high. This started working right away and it moved a point in my direction on a one for one setup. I cannot say that I really this with tape confirmation. But, this dis stall enough for me to think that it would was going to bounce. I would also like to say that this was not a level that I had planned and would call this a better trade if this fit anywhere in the AM game plan.
947 am I would this was great play if would have taken the partial and BE the stop. I think may have ran. I had at least 90 on this and needed to get out of scalp mode as this spread started to narrow. I had planned on working this long if it held 87 for the opening. I did not have much at risk here but this was the time to give myself a point and walk away for a bit.