Let it Come to You

Care.com has been one of several up-and-coming healthcare IT growth stories, in addition to the likes of TDOC TRHC VEEV, which seems like it is bound for continued strength in the coming quarters. 

On the CRCM daily chart, updated below, as one of our Members noted today the stock has not made much net progress since last November. That may seem like a frustrating stock, indeed, with no progress to show if you bought the name in, say, the second week of November 2017. 

Despite that frustration, however, we alway want to stay as objective as possible. There is no substitute for the human eye when looking at charts for perspective. And when we do just that, we see CRCM has been building out an attractive, long and tight base since November. 

So while the grind has been tedious, it may very well amount to an explosive long setup for an emerging healthcare winner into the summer months. True, the broad market needs to stay at least rangebound if not resolve higher for this long base to imminently break higher, too. And that same lesson about patience and letting for stocks and momentum to come to you applies to the current market, too.  

But just because CRCM has not been one of the top performers in 2018 thus far does not mean it is a dud. In fact, quite the opposite. Again, there is no substitute for putting in the work and applying your own analysis to individual charts in lieu of simply glancing at statistics.