Bullish Case: IRTC's recent rebound from lows, mean reversion trend, and analysts' expectations for breakeven in 2 years provide reasons to anticipate future appreciation.


Bearish Case: Persistent legal issues, recent decline in stock price, and FDA scrutiny suggest continued volatility and downside risks for IRTC.


Potential Outcomes: 45% chance IRTC stabilizes with resolution of legal issues; 35% chance of continuing decline due to negative sentiment; 20% upside on breakeven achievement.


Trading Oracle: Sign Up to access trading oracle trade ideas.


April 11, 2024


iRhythm Forecast

IRTC        iRhythm
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with IRTC



ANNX Forecast + Options Trading Strategies   ANNX  Annexon (0.79)


SII Forecast + Options Trading Strategies   SII  Sprott (0.79)


MRK Forecast + Options Trading Strategies   MRK  Merck (0.77)


TSCO Forecast + Options Trading Strategies   TSCO  Tractor Supply (0.77)


ABUS Forecast + Options Trading Strategies   ABUS  Arbutus Biopharma (0.76)



Uncorrelated Stock Forecasts

Assets with little price relationship to IRTC



CIFR Forecast + Options Trading Strategies   CIFR  Cipher Mining (-0.0)


XOM Forecast + Options Trading Strategies   XOM  Exxon Mobil (0.0)


GT Forecast + Options Trading Strategies   GT  Goodyear Tire & Rubber (0.0)


BTI Forecast + Options Trading Strategies   BTI  British American Tobacco (-0.0)


CASY Forecast + Options Trading Strategies   CASY  Casey's General Stores (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against IRTC



UUP Forecast + Options Trading Strategies   UUP  Invesco DB US Dollar Index Bullish (-0.67)


EQT Forecast + Options Trading Strategies   EQT  EQT (-0.67)


FNGR Forecast + Options Trading Strategies   FNGR  FingerMotion (-0.7)


OHI Forecast + Options Trading Strategies   OHI  Omega Healthcare Investors (-0.71)


EQNR Forecast + Options Trading Strategies   EQNR  Equinor ASA - (-0.73)





Become a more profitable investor with AI optimized trading strategies






×

Chat with IRTC


 Ask any question about IRTC!