A note from Hedgeye CEO Keith McCullough:
On today’s +4% rally, THC is signaling immediate-term TRADE #overbought within a Bearish intermediate-term @Hedgeye TREND signal.
To be clear, that signal is purely quantitative (our Healthcare analyst Tom Tobin remains bullish from a research perspective, longer-term) but it’s what I use to risk manage losses.
If Tom is still bullish on it, I’d like to buy THC back at a lower price.
***No change to our Healthcare analyst's fundamental call. Click here to read the original report.