ViniX

Resmed - RMD share price broke the key resistance level

Long
ViniX Updated   
ASX:RMD   RESMED INC
Resmed - RMD share price broke the key resistance level, closed the week to $16.33.
In the past 54 weeks the Resmed shares price have jumped around 46 per cent from $10.99 to $16.33, with the stock trading near its all-time high of $16.39.
RSI confirmed a bullish signal.
The shares price profit target is around 8 per cent or $17.06. RMD
Comment:
The shares declined 12 per cent to $14.47 on Friday, after revenue in the three months ended December 31 lifted 8 per cent to $US651.1 million. Analysts surveyed by Bloomberg had expected $US673.3 million.
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