May. 22 at 3:33 AM
$PRCT — let me walk you through this one because the setup is clean.
The company: PROCEPT BioRobotics. Makes the Aquablation robot for enlarged prostate surgery. 65% gross margins. 20% revenue growth last quarter.
$249M cash. ~50% of men over 50 have BPH
The chart: 8H is forming a textbook cup. The 200 SMA traces the arc perfectly. Cup lip at
$30 — price is testing it right now. Measured move off a breakout = ~
$58. Options tape this week: three Jun 18 call sweeps/splits buying
$27.5 and
$30 strikes. Someone is positioning for the breakout before June 18.
🐂
$30 closes on volume = cup confirmed,
$36–
$38 200 SMA target, measured move to ~
$58 over time
🐻
$30 rejects =
$26.44 then
$23.50, need more base-building, cup lip holds as resistance
⚠️
$10.5M insider buy at the exact bottom. Jun call sweeps stacking right at the breakout level. 8H 200 SMA cup-and-handle. Is
$PRCT the cleanest surgical robotics setup on the board right now? 👇
#PRCT #MedTech #OptionsFlow #hovdid
