Haemonetics provides automated blood collection devices and services. In taking a quick look I did not find much that told me why I should be bullish on the stocks. Revenue growth appears pedestrian and valuation is not compelling.
Ah, but NFTRH+ only knows and cares about charts. Today HAE is trying to break through clear resistance after taking out the 50 day average. RSI is positive and attractive and MACD is about to go positive. The target is noted and the SMA 50 can be used as a caution/stop loss on this idea.
Other notes: the yellow shaded area is from a previous update which was a technically positive situation from just before Coronavirus went viral. Now it appears HAE may want to at least fill the gap it left at 118, if not the measured target.
A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the technical parameters are already noted. These updates are meant as a starting point for your further research if interested. I will not personally buy every item highlighted and will sometimes sell (ref. Trade Log) any item that I do buy below target (assuming I’ve not stopped out or sold for some other reason) as I often do. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.
