I just wanted to show a chart that I really like, CMED. Granted the overall market is not really in good shape right now, but I like this chart for many reasons and I will explain. If you pan back and look at a 2 year chart you will see that 2 years ago the stock reached a high of $43.51.
Now the stock is sitting near that previous high after breaking abovce it a few days ago. If you click on the second chart and look at the top blue line, you will see that was the previous high 2 years ago and we have zoomed in on the most recent months. The lower blue line is a "trend line" that looks as if the stock is getting "support." I have held this stock waiting for a further breakout so hopefully it will do so in the next week. I am buying shares near $43 to $44.
No comments:
Post a Comment