Dexcom Inc. - (DXCM) - March 28, 2022

Dexcom (DXCM) a medical device company that produces glucose monitors for diabetes patients, has been climbing up the rankings in the SIA S&P 500 Index Report for the last month from deep in the red zone back up into the Green Favored Zone for the first time since November. Yesterday, DXCM finished in 113th place, up 28 spots on the day and up 242 positions in the last month.

Last month, a retreat in Dexcom (DXCM) shares bottomed out in a successful retest of uptrend support just below $400.00. Since then, the shares have embarked on a new upswing, taking out an older resistance level again breaking through their 50-day average and advancing back up toward $500.00.

Next potential resistance appears near $590.00 where the shares encountered headwinds previously, followed by the November peak near $660.00. Initial support appears near $435.00 then the 50-day average near $425.00.

A winter selloff in Dexcom (DXCM) shares was finally contained within a previous trading range. The shares bottomed out in a bullish Bear Trap reversal where they broke down by 1 row then turned back upward and bounced off of a previous column low. This month, the shares have turned back upward, with bullish Double Top and Spread Double Top breakouts signaling the start of a new upswing.

Based on previous column highs and lows, upside resistance tests may appear near $525.90, $580.65, or $653.90. Initial support appears near $440.05 based on a 3-box reversal.

With its bullish SMAX score of 9, DCM is exhibiting strength against the asset classes.

Disclaimer: SIACharts Inc. specifically represents that it does not give investment advice or advocate the purchase or sale of any security or investment whatsoever. This information has been prepared without regard to any particular investors investment objectives, financial situation, and needs. None of the information contained in this document constitutes an offer to sell or the solicitation of an offer to buy any security or other investment or an offer to provide investment services of any kind. As such, advisors and their clients should not act on any recommendation (express or implied) or information in this report without obtaining specific advice in relation to their accounts and should not rely on information herein as the primary basis for their investment decisions. Information contained herein is based on data obtained from recognized statistical services, issuer reports or communications, or other sources, believed to be reliable. SIACharts Inc. nor its third party content providers make any representations or warranties or take any responsibility as to the accuracy or completeness of any recommendation or information contained herein and shall not be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. Any statements nonfactual in nature constitute only current opinions, which are subject to change without notice.

Keep up to date on the latest financial market news.

Receive a daily newsletter with stock highlights, ETF rankings, weekly market focus and others.