My Partner, Tom Tobin, fortuitously called this one ahead of the quarter; MYGN closed down -5% today. Tobin tends to be lucky, often. I have attached an aerial picture of the 3 year ramp that MYGN has had to 20,000 feet. The shorts look like they covered the top (short interest peaked there at close to 30% of the shares out).
See Tobin's Portal postings for the fundamental view into and out of today's conference call. I see downside risk here to $52.51.
- MYGN breaking $63.71 today was a material negative event
(chart courtesy of stockcharts.com)