A bullish flag pattern has emerged in the chart of Dexcom Inc. (NASDAQ:DXCM), where the stock is just under a resistance line. If DXCM breaks through this level, a breakout could occur. Read more if you would like to learn how to profit from this trade.Dexcom Inc. (DXCM) designs and commercializes continuous glucose monitoring systems for diabetics. CGM systems serve as an alternative to the traditional blood glucose meter process, and the company is evolving its CGM systems to include the disposable sensor and the durable receiver.
The company recently reported a strong third quarter where both earnings and revenues beat expectations. This was driven by solid revenue from the Sensor segment. DXCM also saw revenue growth from both domestic and international sales. In fact, the company’s international foothold bodes well for future growth.
DXCM has a current ratio of 5.0, which indicates it has more than enough liquidity for short-term obligations. This has led to a Quality Grade of B in our POWR Ratings system. The company has also shown strong earnings and revenue growth.