Shares & Derivatives
Gaining Steam – Biosensors
By healthytrading  •  January 27, 2013
[Previous post: Large Caps Gain Steam - SGX, Semb Corp] Biosensors Gaining Steam
1. Biosensors (Medical equipment)
Biosensors has been posting very steady results for the past 3 years but had fallen out of favour with the investment community in 2012 when its share prices took a tumble to a 2011 low at $1.08. Sell-side research houses still kept their strong rating calls on the stock despite the broader market failing to heed them. Nonetheless, in the start of 2013, Biosensors seem to have gained steam again and could possibly spark the revival of its fortunes to finally match its historical performance and a barometer of the future to come.
  • Large white candlestick this week with almost twice the moving average's volume. Prices almost rallied $0.10, representing a 7% gain. The white candlestick has also overcome key moving averages.
  • MACD - is trending into the positive region ...
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By healthytrading
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