Shin Daily US Stock Review 1 June 2017

Shin Daily US Stock Position

EXAS - Shin - LONG Position - Opened - Entry: 36.47$, Target: 50.94$, Stop: 34.94$

EXAS - EXACT SCIENCES CORPORATION

Exact Sciences stock gained almost 12% in the wake of news from health insurance giant UnitedHealth (NYSE:UNH) that it would cover expenses related to Exact Sciences' Cologuard test for colon cancer. User demand for Cologuard has exploded higher, largely because of the convenience of the home test and the ability to avoid the discomfort of a professionally administered colonoscopy. However, the key to success has always been convincing health insurance companies that they should cover the costs of Cologuard tests. With UnitedHealth on board, the odds are good that most major companies will eventually follow suit, and that could spell even greater growth for Exact Sciences over time.

EXAS Technical Review

Market movement shows it's price break the new high territory, it's a good signal that it will continue it's uptrend, supported by it's latest cup and handle pattern, definetly a good stock to long