InfuSystem Holdings, Inc., through its subsidiaries, provides infusion pumps, and related products and services in the United States and Canada. The company operates in two segments, Integrated Therapy Services (ITS) and Durable Medical Equipment Services (DME Services). It supplies electronic ambulatory infusion pumps and associated disposable supply kits to...
INFU is making new highs after another earnings surprise. It's up >30% after testing the 150d MA and is up 192% from March lows. The gains since the earnings date results in a bigger 10d ATR (x2.7) stop at 12.25%. So a smaller position of R8.16 is required to control risk.
Stop Loss: 12.25% (13.39)
Position Size: R8.16
AMEX:INFU been consolidating for 3 months forming a well defined 3 months rectangle chart pattern. the chart pattern is forming right below ATH at $13.25. Once cleared, the breakout should make a run to price pattern target identified on the chart.
INFU has been having a nice steady run - up over 130% over the last 12 months, but momentum has been falling forming a bit of a hill top. The Bollinger Bands have been compressing and yesterday we saw an attempt at a breakout with quite big volume. It didn't succeed but could be worth a watch over the next day or so to see if it will indeed run. It did this once...
