Maker of wide array of medical equipment seems to not have participated much in the Covid hype, my guess is it catches up.
Why do I make such a bold claim?
8 months consolidation atop 200 day MA with 200 MA beginning to slope upward
Upper trend of parallel channel now acting as support
Shorter term wedge breakout has occurred (actually a little late to the party with stock up 11% today)
RSI breakout appears to me to be set to occur upon break of longer term downward trend line, weekly chart shows 8 month RSI upside breakout imminent
Confident buy above $8, and especially if you see your other Covid PPE faves popping ($APT, $LAKE, etc)
Of course the gap between $10 and $14 is something to consider.
Why do I make such a bold claim?
8 months consolidation atop 200 day MA with 200 MA beginning to slope upward
Upper trend of parallel channel now acting as support
Shorter term wedge breakout has occurred (actually a little late to the party with stock up 11% today)
RSI breakout appears to me to be set to occur upon break of longer term downward trend line, weekly chart shows 8 month RSI upside breakout imminent
Confident buy above $8, and especially if you see your other Covid PPE faves popping ($APT, $LAKE, etc)
Of course the gap between $10 and $14 is something to consider.