Glucose Monitor Maker is Gapping Down

See why I believe the bottom is in on this biotech stock.‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

"Wall Street likes to overreact, and I believe it's overreacting to DXCM right now." Bryan Bottarelli, Head Trade Tactician, Monument Traders Alliance This week is a monster one for earnings. With so many companies reporting, I'll be looking to pinpoint the best overnight earnings candidates in The War Room. But that's not all I'm looking at. I'm also searching for textbook market overreactions. And I believe I found one in Dexcom (DXCM). You see… Wall Street likes to overreact to things, and I believe it's overreacting to DXCM right now. Here's why… Last week, the diabetes glucose monitor maker released third-quarter results that beat expectations. However, the stock dropped due to slower-than-expected revenue growth. Revenue increased 2% from $975 million a year earlier. At first, shares fell -9% on the news, but then, as the markets open – shares completely recovered. Dexcom also announced its Chief Commercial Officer Teri Lawver will retire at the end of the year, so that leadership change could've also played a role in the dip as well. To me, Dexcom's dip indicates the bulls are willing to support the stock around these levels – and on any further pullbacks – so I could move into longer-dated calls to continue playing the Gift Gap move. Election Week... Live Trade Recommendations... 100% FREE! Join us November 4 - 8 for one week in The War Room. Get ALL our training, research and real-time trade recommendations. Plus... we'll have a Post Election Livestream Trading Event! Click Here to Reserve Your Spot As you'll see in the chart above, DXCM is showing a clear gap down after its recent earnings report. Action Plan: Based on the earnings reaction that we saw last week, I have a good feeling DXCM is nearing the bottom. Which is why I'll be looking to buy the dip on DXCM in The War Room this week. And if you want to see how you can get 5 days of FREE trade ideas like DXCM starting next week, then I have an exciting announcement for me. Starting next week for the 2024 Election, Karim and I will be offering FREE access to The War Room for an entire trading week. That's 5 straight days worth of trading completely FREE. It's all part of our first ever Election Open House. Click here to get on the guest list today. Famous Trader Puts AI To The Test (You're Not Going To Believe This) Multimillionaire Trader just put a powerful new AI Trading research tool through the ringer and recorded it... The results? Well, you gotta see them for yourself to believe. See what he uncovered that will change the way he trades (forever). SEE THE RESULTS HERE Monument Traders Alliance   You are receiving this email because you subscribed to Trade of the Day Wake-Up Watchlist. To unsubscribe from Trade of the Day Wake-Up Watchlist, click here. Questions? Check out our FAQs. Trying to reach us? Contact us here. Please do not reply to this email as it goes to an unmonitored inbox. To cancel by mail or for any other subscription issues, write us at: Trade of the Day | 14 West Mount Vernon Place | Baltimore, MD 21201 North America: 1.800.507.1399 | International: +1.443.353.4977 Website | Privacy Policy Keep the emails you value from falling into your spam folder. Whitelist Trade of the Day. © 2024 Monument Traders Alliance, LLC | All Rights Reserved Nothing published by Monument Traders Alliance should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed personalized investment advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after publication before trading on a recommendation. Any investments recommended by Monument Traders Alliance should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. The information found on this website may only be used pursuant to the membership or subscription agreement and any reproduction, copying or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Monument Traders Alliance, LLC, 14 West Mount Vernon Place, Baltimore, MD 21201.