CryoPort Inc (CYRX)

[robertmaxwell]

If you're looking for signals of strength here, look at the volume prints on the selloff from the 10.2s. They're abysmal when compared to what was seen on the most recent run up.

If you're looking for a contrarian view (which you should always do and/or be mindful of), look at the price action at the highs. Lots of selling pressures in ranges. Think about where they're coming from.

Regarding all the silly price patterns and "signals" and whatnot, I'm not saying they don't have their place and might hold their own in certain securities, but names like Cryoport likely aren't where you're going to be able to isolate an edge by using them. Remember: if something is that simple and durably lucrative, many entities would be doing it, it'd get arb'd out, and be useless in no time.

My advice: Don't get whipsawed. Everyone here has at least read about where the serviced market's anticipated to go. If management stays the course, you'll see steady ramp-ups in top-line figures and that'll trickle down nicely. You are going to see a bit of multiple contraction as revenues come in, and that will manifest itself in the form of slower share price appreciation. But that's what happens when you have massive forward revenue multiples pulled into current share prices -- no big deal.

Have a nice weekend ahead.