Call the TransMedics

Interesting stock, the high growth that propelled it to a 600% plus gain is slowing down. Management claim it’s due to seasonal pressure, not sure if I can believe there’s a season for organ donors but now I know there is!

We’ve since had a 50% haircut in the last month. It’s going to be a turbulent 2-3 months for this stock as they try to maintain growth whilst make use of their new aviation fleet. I’m not a fan of any company trying to use their own planes to deliver products or services, but organ donor is a unique business.

From a technical standpoint we are sat at the weekly support and golden Fibonacci support ratio, along with a speed fan. If this is all lost we could tumble to $73 very quickly.

It’s worth a trade here if you can keep a tight stop loss, if that fails, consider going long in the low 70s. Not financial advice of course, you do you.