OptionsPlay DailyPlay

The bearish DailyPlay for Thursday, December 10th is Teladoc Health Inc (TDOC). TDOC is part of the healthcare sector and has experienced a 3.82% loss over the last month. 

Fundamental View

  • Fewer medical visits due to COVID will likely to put pressure on TDOC
  • Increased competition from 10+ telemedicine providers put growth projections at risk
  • Expensive at 20x sales multiple, greatly outpaces its revenue growth
  • Earnings: Feb 23 (73 Days)

Technical View

  • Multiple rejections of 100 D MA and rally to $202 resistance provide a good risk/reward for a short trade. 
  • Both 1M and 6M trends are bearish
  • Weak relative strength, technical score (4 out of 10)

View TDOC Trade