Resmed Ind. (RMD) Moves To A New Three Year High

By Mark Moneymaster
February 08, 2010 11:43 AM

Symbols: RMD

Posted in: Earnings, Long Ideas, Technicals, Trading Ideas

Resmed Inc. (NYSE: RMD) soared to a three year high on Friday after its robust earnings were released for Q3. The stock closed on Friday near its three year high and appears all set for re-rating by a couple of research houses.

Resmed Inc. (RMD) stock is now in a new breakout area, has resumed on a higher note this week, and is also having a favorable looking RSI of just over 60. The stock looks all set to scale to new heights of around $58. The stock could be bought for short term.

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Resmed Ind. (RMD) Moves To A New Three Year High

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