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IMA Back for More

By Steve Abraham on Dec 24, 2007

I profiled Inverness Medical back on Sept 6 when it was traded around $48 a share. A few days later a guy by the name of Jim Cramer did a whole segment on the stock. Anyhow, the stock has had a nice run since then reaching $65. The stock has pulled back close enough to the long term trend line that makes it attractive again. The same reason I suggested it in September still apply. Here is the chart:

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This entry was posted on Monday, December 24th, 2007 at 10:38 am and is filed under Annotated Analysis. You can skip to the end and leave a response. Pinging is currently not allowed.


10 Responses to “IMA Back for More”


By Andrew Young on December 26th, 2007 at 3:06 pm

This is a perfect example of “riding the line.” Wizetrade measured the distance between both downward spirals and it is almost exact. Their seems to be more money coming soon.

By Aaron on December 27th, 2007 at 6:06 pm

In the healthcare sector as well, do you like Cramer’s pick of HOLX? I think that HOLX will also continue to do very well, and the chart on it looks terrific, though I’d like to see a little more of a pullback.

By Gordon Collins on January 4th, 2008 at 1:08 pm

Many people see this stocks’ instability as a warning. Wizetrade taught me about trend trading, and I’ve made money with this trade in every trend since April.

By Greg Webber on January 5th, 2008 at 2:33 pm

Do you all allow groups. A few of us want to start a wizetrade group.

By Patrick Ali on January 6th, 2008 at 6:01 am

Target, 64.70

By John A on January 21st, 2008 at 6:49 am

Dear Steve

I have been reading your blogs now for sometime, and I have made good money with the help of your insite.But I need to know what you think about Stein Mart retailer, they are at a all time low of 3.32 with a 52 week high at 17.75 should i invest in this stock or move to a better company.

Many thanks
John A.

By tony on January 31st, 2008 at 8:25 am

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By sean22 on February 12th, 2008 at 11:43 am

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