MZOR Did not Get the Bearish Medical Device Memo

I am short IHI, the Medical Device iShares that I was bullish on well before the momo crowd got a hold of it. Despite this, as noted in recent NFTRH reports I’ve held onto medical robotics maker Mazor Robotics (a lesser component of IHI) as its chart remained constructive and its story intact.*

While the precious metals were the big driver for me today good old MZOR kicked in with 11% and poked above the top of its Symmetrical Triangle. Could be a head fake but I think it’s at least as likely that this thing is on its way to new highs.

mzor

* No, it’s not the next Intuitive Surgical; too much oncoming competition in its robotic spinal surgery space, including at any time it so desires, ISRG. But MZOR is a 1st mover establishing a good foothold in the space.

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