Medical Device Co. WAT Doinks Target (Public)

With all due respect for targets not being stop signs, we note that Waters has hit its target today after being highlighted close to a month ago and testing me with some earnings volatility along the way.

I took the profit on Friday, just a hair below the 150 target, which is being exceeded today.  I had increased the position on the post-earnings downside (and test of the SMA 50) and was overweight.  Now I say thank you and goodbye, replacing WAT with another Medical Device company.  Incidentally, I also took profit on the ‘getting overbought’ sector, selling IHI, and now holding 2 remaining Device companies (very different from each other, as this general industry includes everything from man-made tissue to stents to robotic surgery).

Here’s the daily chart from the original update.  I think WAT can easily go higher if the market does, but there’s that ‘market risk’ bugaboo again.  I remain in take profits, re-balance and manage risk mode.  Period.


A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the buy, sell, stop parameters are already noted. They are meant as a starting point for further research if interested. I will not personally buy every item highlighted and will sometimes sell – without prior notice (because this takes time and resource away from NFTRH’s main functions) – any item that I do buy, below target, which is something I often do as a trader. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.