It Takes Two Insulin Pumps for Tandem Diabetes to Tango

For obvious reasons, we have mostly focused on the strength in the software complex.

However, there are some noteworthy standouts in the healthcare space, too, which merit attention should bulls pull themselves out of the recent news-driven bout of volatility. 

San Diego-based Tandem Diabetes Care (TNDM) is a textbook example of said relative strength in a mixed healthcare sector. Known for their insulin pump technology, the firm sports explosive revenue growth. 

On the TNDM daily chart, below, we can see that the recent consolidation in the market has not scared off longs to the point of a scramble for the exits. Specifically, you will note that each dip has been met with buying interest and the chart looks to be carving out an impressive righthand side of a long base.

TNDM is a name I am bullish on long-term, and expect it to enjoy a new leg higher as long as the broad market does not succumb to a major top anytime soon--Wall Street typically loves explosive revenue growth for cutting edge firms.

On that note, the QQQ is testing its 50-day moving average from below, as we speak, with the S&P and Nasdaq Composite not far behind. Let's see if bulls can avoid any sign of a fade into the bell like we saw yesterday.