Chart of the Day: LivaNova (LIVN)

Shares of LivaNova (LIVN) have been moving sideways, within a trading range since April, and a rectangle pattern has formed… 

LivaNova (LIVN) is a medical device firm primarily focused on cardiovascular and cardiopulmonary solutions, as well as neuromodulation devices for treatment-resistant epilepsy and depression. The company reported earnings of -$0.15 per share on July 22. While this figure beat estimates, it was down 121.43% from the previous year. The company is looking forward to the full release of its advanced circulatory support product, LifeSPARC™ in the U.S. 

Take a look at the 1-year chart of LIVN below with added notations…

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