ATS Medical Inc. (ATSI) To Stay In Congestion Zone For Some More Time

ATS Medical Inc. (NASDAQ: ATSI) shed 17% to $2.68 by early afternoon trading on Tuesday. The maker of mechanical heart valves, ATS Medical Inc. (ATSI), said it expected sales to increase 10% at most in the current year. This falls short of analyst expectations, who had estimated a growth rate of 14%.

ATS Medical Inc., which has been forming a symmetrical triangle pattern with its 20 day, 50 day and 200 day MA for a couple of months, is likely to stay range bound for some more time.