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:
10 Responses to “IMA Back for More”
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.
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.
Do you all allow groups. A few of us want to start a wizetrade group.
Target, 64.70
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.
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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.