Earlier we noted that MZOR was finally shaking off its bad chart and moving up. It’s a baby Intuitive Surgical. The baby’s baby is TRXC (ISRG’s grand kid), which we noted last week is starting to sell a couple surgical robots here and there as its chart finally breaks the interminable – and bullish – consolidation. So MZOR was up 6% today, but the little feller was up 14%, continuing its break from consolidation.
It’s funny because I did not have to use the willpower I used on MZOR’s highly suspect chart because this one, with couple head fakes along the way, always looked bullish to me. It’s such a highly speculative stock it ain’t funny. But so far, so good.
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