The Traderszone Network

Published in TZ Latest News 5 October, 2015 by The TZ Newswire Staff

This Medical Products Stock Just Broke Out

Merit Medical Systems broke out past a 25.16 buy point in a cup-with-handle pattern Monday. Shares surged, but volume was below average. That’s disappointing on a breakout; however, sometimes heavy volume can come into the stock a day or two after the breakout. The stock’s base pattern ran for nine weeks, corrected 21% and showed net accumulation. Shares are still in buy range.

read more