$PME - PRO MEDICUS - One to watch for breakout

$PME - PRO MEDICUS - One to watch for breakout

Have held this one for a little while now and up a bit under 15% on it. It looks like it might be building towards a new breakout over its previous high. There isnt much volume behind the move at the moment, but one to keep en eye on.

Pro Medicus Limited produces integrated software applications for the healthcare industry. The Company's principal activities are the supply of healthcare imaging products and services to hospitals, diagnostic imaging groups and other health related entities in Australia, North America and Europe. The Company's segments include Australia, Europe and North America. Its products and services include Radiology Information Systems (RIS) and Visage 7.0. RIS offers medical software for practice management (RIS); training, installation and professional services; after sale support and service products; Promedicus.net secure e-mail, and digital radiology integration products. The Company's Visage 7.0 offers medical imaging software; picture archiving and communications system (PACS)/digital imaging software; training, installation and professional services, and service and support products. Its subsidiaries include Promed (USA) Pty Ltd, PME IP Australia Pty Ltd and Visage Imaging Inc.

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PME tried to crack the $15 but got rejected twice. It would be worth keeping an eye on it as a possible buy if the price and RSI start to go back up in the next day or so. There is around 10% to be made if it has another go at $15. Hoping it bounced back up off its 30 day EMA line - but be careful. I'd only enter on a rise in price of around 2% or so to signal resumption of an uptrend.

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New resistance point being tested after another good run.

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Topped up at $17.91. See if it now uses this area as support and continues to run - or if it retraces for a bit. Fingers crossed :)

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Having a great run. Topped up again at $24.25 with a 10% trailing sell.

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It has made it into the mid $26 mark now a couple of times which is promising to see. Hopefully it will rally and push through over the next week and not get rejected for a 3rd time. Been a great trade so far.

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$PME - Pro Medicus - Pushing to break $17.

Might be worth a watch. It's on its 3rd retest of that $17 resistance area so hopefully this time it will break through and run. I've been on it for a while and am hoping it will get an extra boost from M7T:ASX which is a similar business and up over 10% today on news of a deal.

Currently 135 buyers for 44,855 units vs 40 sellers for 26,254 units.

Pro Medicus Limited (PME) is a health imaging IT provider. The company provides a range of health imaging software and services to hospitals, imaging centres and health care groups worldwide. These solutions are branded ‘Visage' and provide comprehensive, enterprise level, end-to-end offerings available in the radiology market.

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Sorry - typo. Meant $27 not $17 :)

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Broke out past $27 and even broke through $30 today before pulling back to close at the $29.50 area. Good stock holding up.

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Could be worth a look again. Needs to show a few more days of recovery.