Revance Therapeutics Inc (RVNC)

[soma2022]

Technical Analysis:

broke above 10day EMA today which it has done 3 times prior the past 6 months but failed each time with no follow through volume.

There are no doubt the momentum/technical traders positioning themselves this week to trade any breakout and will pile on even heavier if it gets above the 50day MA which is currently in the $12.40 range.

What will confirm a breakout to me
Stays above 10 day MA and then moves toward $10 fast
2 to 4x daily avg volume
RSI above 50

Expectations for Revenue must be for a pretty bad miss for Q3 that is below the flat to slightly down Q over Q revenue guidance they issued Sept 19th.

My Daxi sales estim for Q3 is $25/26M. Disappointed that not a single person on this board has made a prediction on Daxi revs for Q3. If you don't have any idea of Daxi sales for Q3, then how do you know what kind of sales would be a beat in your mind and give you conviction to buy more or what sales would be a miss and cause you to not buy more or even sell?

Would love to hold all on this board accountable for their calls (bullish/bearish). Maybe we all chime in and get an average and then we can call out those who are most accurate. my ego is not too big to admit if I am wrong. Dew? lead us off.