Stock Groups

Is DexCom Setting Up for a Breakout? -Breaking

by Mike Robinson

[ad_1]

© Reuters. DexCom Set for a Breakout

Dexcom Inc.’s chart shows a bullish flag pattern. The stock is right below the resistance line. A breakout of DXCM could happen if it breaks above this level. Learn more about how you can profit from this trade. Dexcom Inc. (DXCM), develops and markets continuous glucose monitoring systems that are suitable for diabetics. CGM systems can be used as an alternative for traditional blood glucose meters. DXCM is currently developing its CGM systems with the disposable sensor, durable receiver and other features.

Recent results from the company’s third quarter were strong, with both revenues and earnings exceeding expectations. Solid revenue from Sensor was the driving force behind this. DXCM saw both domestic as well as international revenue growth. In fact, the company’s international foothold bodes well for future growth.

DXCM currently has a ratio of 5.0 which means it is more liquid than necessary to pay short-term commitments. Our POWR Ratings have given DXCM a quality grade of B. Strong earnings growth and strong revenue growth have been demonstrated by the company.

Continue reading on StockNews

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]