NuVasive, Inc., a medical device company, engages in the design,
development, and marketing of minimally disruptive surgical products and
procedures for the spine. The company's products focus on applications
for spine fusion surgery. It offers products primarily for the
thoracolumbar spine and cervical spine. The company's principal products
include a minimally disruptive surgical platform called Maximum Access
Surgery (MAS), as well as cervical, biologics, and motion preservation
products. Its MAS platform combines four categories of product
offerings, including NVM5 and NVJJB, its proprietary software-driven
nerve monitoring systems; MaXcess system that provides access to the
spine with minimal soft tissue disruption; specialized implants that are
used for interbody disc height restoration for fusion and stabilization
of the spine, as well as biologic products comprising FormaGraft, a
collagen-based synthetic bone substitute and Osteocel Plus, an allograft
cellular matrix. Its biologic products also comprise AttraX, a
synthetic bone graft material; and Triad, an allograft cellular matrix
containing viable mesenchymal stem cells. In addition, the company
offers a range of bone allograft in patented saline packaging;
disposables and spine implants under the CoRoent brand name; and
fixation devices, such as rods, plates, and screws.
To analyze NuVasive's stock for potential trading opportunities,
please take a look at the 1-year chart of NUVA (NuVasive, Inc.) below
with my added notations:
The main price level to watch on NUVA is $18 (navy). Not only is the
$18 resistance readily apparent over the (2) months and back in March,
but that price also acted as support back in May. So, the $18 level is
key to this stock. If you are bullish, you would want to buy the stock
on a pullback to $18. However, if you are bearish, you might short NUVA
on a break of the $18 support.
The Tale of the Tape: NUVA has a couple of simple
trading opportunities based on its key level of $18. A long position
could be entered at the $18 support with a stop placed below that level,
or a short play could be made on a break below $18 if that should
happen.
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