Trading idea for DaVita Inc. (NYSE)
#DVA
The overall trend is upward. The descending wave pattern is truncated. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when an ascending wave pattern is formed.
Stop loss under the local minimum of the descending pattern.
Target levels: 124.50; 129.35.