$PRCT — let me walk you through this one because the setup is clean.
The company: PROCEPT BioRobotics. Makes the Aquablation robot for enlarged prostate surgery. 65% gross margins. 20% revenue growth last quarter. $249M cash. ~50% of men over 50 have BPH — the market is massive and barely penetrated. New CEO reset the business in Q4, eliminated discount programs that were distorting revenue, took the one-time hit — Q1 bounced back immediately.
The insider signal: Director Antal Rohit Desai dropped $10.5M in open-market buys at $23–$25 in March. Three separate transactions. 426K shares accumulated. 89% of the float held by institutions.
The chart: 8H is forming a textbook cup. The 200 SMA traces the arc perfectly. Cup lip at $30 — price is testing it right now. Measured move off a breakout = ~$58. Options tape this week: three Jun 18 call sweeps/splits buying $27.5 and $30 strikes. Someone is positioning for the breakout before June 18.
🐂 $30 closes on volume = cup confirmed, $36–$38 200 SMA target, measured move to ~$58 over time 🐻 $30 rejects = $26.44 then $23.50, need more base-building, cup lip holds as resistance ⚠️ $10.5M insider buy at the exact bottom. Jun call sweeps stacking right at the breakout level. 8H 200 SMA cup-and-handle. Is
$PRCT the cleanest surgical robotics setup on the board right now? 👇
#PRCT #PROCEPTBioRobotics #Aquablation #SurgicalRobotics #MedTech #OptionsFlow #TechnicalAnalysis #hovdid