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Stock Pick of the Day - Resmed Inc.
Feb 08, 2010

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Larry Swing

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Stock Pick of the Day

Resmed Inc)

Closing Price: $54.90

RSI: 61.41

MACD: 0.46

 

Resmed Inc) soared to a three year high on Friday following its outstanding earnings which were released for Q3. The stock closed to its three year high and appear all set for re-rating by a couple of research houses.

 

The Resmed Inc. (RMD) stock is now in a new breakout area, and is also having a favorable looking RSI of just over 60. The stock looks all set to scale to new heights of around $58. The stock could be bought for short term.

...thanks for the trust you've shown in me and my business.

by Larry Swing
larry@mrswing.com
May the swing be with you...

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RMD
C:29.7300

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